Clydesdale Bank launches new residential and buy-to-let products and will cut deals by up to 30 basis points tomorrow (3 August).
The lender’s changes cover:
Exclusive purchase deals
- 90% LTV two-year fixes will be cut by 30bps to 6.20%
- 90% LTV five-year fixes will be reduced by 10bps to 5.75%
These deals are available for loan sizes between £300,000 and £600,000.
New and existing customer products
- New BTL 60% LTV two-year fixes, with a £1,999 fee, will be launched at 6.72%
- New BTL 60% LTV five-year fixes, with a £2,999 fee, will be launched at 6.32%
- Selected 80% LTV two-year fixes will be reduced by up to 10bps
The end dates for appropriate deals will move to November of the relevant year. Also, these changes will be made at 8pm on 2 August.
New and existing customer products
- Two-year offset discount variable rates will rise by 50bps, starting from 5.74%
- BTL 75% LTV two- and five-year fixed-rate fee offer products will be withdrawn
- BTL 60% LTV two-year fixes, with a £999 fee, will be withdrawn
The lender tells brokers applying for these products to submit their forms by 8pm 2 August.
