Clydesdale Bank has announced an important product update for advisers. Please see below for more details. Contact us for more information, alternatively, you can visit their website here.
ANNOUNCEMENTS
We wanted to let you know that we’re making some rate reductions to the following Clydesdale Bank products on Thursday 21 August.
Core Residential (including Product Transfer)
- Selected 2 and 5 year fixed rates will be reduced by up to 0.51%.
2 year Discount Offset rates will be reduced by 0.10%.
Exclusives
- Residential Purchase and Remortgage Large Loan 2 and 5 year rates will be reduced by up to 0.38%.
- Residential Remortgage 75%-80% LTV 2 year rates will be reduced by up to 0.24%.
- Selected Residential Purchase 2 and 5 year rates will be reduced by up to 0.19%.
Residential Product Transfer 65% LTV 5 year Fixed Rate will be reduced by 0.05%.
Professionals
- Professional 2 year fixed rates will be reduced by up to 0.38%.
Newly Qualified Professional 2 year fixed rates will be reduced by 0.05%.
BTL
Selected 60-75% LTV 2 and 5 year rates will be reduced by up to 0.35%.
We will also be making the following rate increases. If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
Core Residential 90% LTV 5 year Fixed Rate will be increased by 0.19% to 4.58%.
You can find our current rates on our website. If you’ve got any questions, you can get in touch with your Business Development Manager.