Clydesdale pushes up cost of two and five-year fixes | Mortgage Strategy

Img

Clydesdale Bank is the latest lender to be pushing up the cost of its two and five-year fixes by up to 0.37%.

The bank has made extensive changes across its core residential and BTL range. These changes comes after its parent Virgin Money also announced rate increases today.

The biggest increases will be on its two and five year fixes at 75% LTV, where rates will be increased by up to 0.37%.  The same deals at 80% LTV will be increased by 0.35%. while two and five year fixes at 85% and 90% LTV will see rates increased by up to 0.33%. At 95% LTV rates will be increased by up to 0.31%.

Alongside this Clydesdale is also increasing the cost of its full C&I two and five year fixes, which come with a £999 fee. At 75% and 80% LTV rates will be increased by up to 0.34%.

The bank is also raising the cost of its BTL rates (at 60% LT) by up to 0.25% and is withdrawing its ’All Exclusive’ 90% LTV fixed rates (with a £1,999 fee) which were only available to existing customers.


More From Life Style