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’RE WITHDRAWING 75% LTV PURCHASE EXCLUSIVES, LAUNCHING NEW RESIDENTIAL PURCHASE AND BTL PRODUCTS AND REDUCING SELECTED RATES
We wanted to let you know that we’re launching new Clydesdale Bank products and reducing the following rates on Friday 31 May.
Exclusive Customer BTL
- NEW 2 Year Fixed Rate with £1,999 fee at 5.60% for loans between £500k to £1m.
- NEW 5 Year Fixed Rate with £1,999 fee at 5.20% for loans between £500k to £1m.
- NEW 2 and 5 year fixed rates with £499 fee, starting from 5.09%.
Residential Purchase Exclusive
- NEW 80% LTV 2 Year Fixed Rate with £1,499 fee at 5.06%.
- NEW 80% LTV 5 Year Fixed Rate with £1,499 fee at 4.78%.
Existing Customer Residential and BTL
- 65% and 75% LTV C&I Fee and Fee offer rates will be reduced by 0.10%.
- Selected 60% and 75% LTV BTL Fee offer rates will be reduced by up to 0.30%.
- Selected BTL rates with £1,999 fee will be reduced by up to 0.16%.
We’ll also be withdrawing the following rates at 8pm today:
Exclusive Purchase products
- 75% LTV 2 Year Fixed Rate at 5.02%.
- 75% LTV 5 Year Fixed Rate at 4.74%.
If you’re applying for one of these products on behalf of your customer, please send us the application by 8pm today.
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.