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
