Clydesdale Bank reduces rates by up to 35bps, adds exclusives Mortgage Finance Gazette

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Clydesdale Bank has launched new customer products and cut selected rates by up to 35 basis points.  

The lender says its changes cover:  

New customer exclusives  

  • Professional purchase-only 85% loan to value two-year fixed-rate loans at 6.10%  
  • Professional purchase-only 85% LTV two-year fixed-rate deals at 5.29%  

These deals are available for loan sizes between £150,000 and £1m.  

Large loan deals  

  • 65% LTV two-year fixed-rate offers will be reduced by 35bps, to 5.53%.  
  • 65% LTV five-year fixed-rate loans will be reduced by 20bps, to 5.19%.  
  • 75% LTV two- and five-year fixed-rate deals will be reduced by up to 5bps  

These deals are available for loan sizes between £1m and £2m.  

New and existing customer products  

  • Professional two-year fixed-rate offers will be reduced by up to 10bps, starting from 6.09%  
  • Selected professional five-year fixed-rate offers will be reduced by 5bps, starting from 5.35%  
  • Newly qualified professional two-year fixed-rate offers will be reduced by up to 25bps, starting from 6.14%  
  • Newly qualified professional five-year fixed-rate loans will be reduced by up to 25bps, starting from 5.55%.  
  • Selected two-year fixed-rate deals will be reduced by up to 25bps  
  • And selected five-year fixed-rate offers will be reduced by up to 25bps