The Clydesdale Bank has increased the maximum loan available at different LTV bands across its residential lending range, and has launched two new products to reflect this criteria change.

Mortgages will now be granted at 95% LTV up to £600,000, with those at 90% LTV offered loans up to £1m. 

The new products include a two and five year fix at 85% LTV, with rates starting from 2.02%. These fixes have a £1,999 fee. Clydesdale is also offering a two- and five-year fix at 90%LTV with rates starting from 2.38%. The fee is £999.

The bank’s new maximum loans sizes are given below:

·     85% LTV to £1.5m

·     80% LTV to £2.5m

·     75% LTV to £5m

·     60% LTV to £10m

Clydesdale says that interest only deals are available up to 75% LTV, and part & part available up to 80% LTV.

It adds that for residential loans above £1.5m, downsizing is also now accepted as a repayment strategy up to 70% LTV, previously capped at 60% LTV. This can be topped up with another repayment vehicle or Capital and Interest, subject to overall max LTV limits.