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’VE LAUNCHED NEW PRODUCTS AND REDUCED FIXED RATES
We wanted to let you know that we’ve launched a new Exclusive 80% LTV product with £1,000 cashback for your remortgage customers. We’ve also reduced our rates on the following Clydesdale Bank products. Here’s what’s available from today.
New customer products
- NEW Exclusive remortgage deal 80% LTV 2 Year Fixed Rate with £1,499 fee, which comes with £1,000 cashback plus a free valuation, has been launched at 4.74%.
- Selected 80% – 90% LTV fixed rates have been reduced by up to 0.45%, now from 4.49%.
- NEW 90% LTV Fixed Rate Fee Offers have been launched from 4.79%.
- Professional and Newly Qualified Professional 85% – 95% LTV fixed rates have been reduced by up to 0.60%, now from 4.39%.
- Exclusive £1-£2m 65% – 75% LTV fixed rates with £1,999 fee have been reduced by up to 0.11%, now from 4.14%.
- Selected £1m+ 65% – 85% LTV fixed rates have been reduced by up to 0.39%, now from 4.24%.
- BTL 60% – 75% LTV fixed rates have been reduced by up to 0.50%, now from 4.60%.
Product Transfer
- Selected 65% – 95% LTV fixed rates have reduced by up to 0.60%, now from 3.99%.
- Professional and Newly Qualified Professional 85% – 95% LTV fixed rates have been reduced by up to 0.60%, now from 4.39%.
- Exclusive £1-£2m 65% – 75% LTV fixed rates with £999 fee have been reduced by up to 0.11%, now from 4.14%.
- Selected £1m+ 65% – 85% LTV fixed rates have been reduced by up to 0.39%, now from 4.24%.
- BTL 60% – 75% LTV fixed rates have been reduced by up to 0.50%, now from 4.60%.
Just so you know – our new rates will show on all sourcing systems and our online application system today. Our Mortgage illustrator will be updated this afternoon.
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.
FORCES HELP TO BUY SCHEME NOW ACCEPTED
At Clydesdale Bank, we now accept the Forces Help to Buy loan as a mortgage deposit.
The Scheme is open to serving members of the armed forces and lets them borrow up to 50% of their annual salary – up to £25,000 – interest-free, to put towards a residential purchase. The loan is repaid in equal instalments over a 10 year period – deducted from their salary with a small insurance premium.
Just so you know, the Forces Help to Buy loan and insurance payments should be included as expenditure within the application so we know how much the customer will be paying. To keep things speedy, we don’t need the customer’s personal information note from the MoD which confirms their loan.
You can find full details of our lending criteria on our Clydesdale Bank website.
If you’ve got any questions, you can get in touch with your Business Development Manager.