Clydesdale launches exclusive remortgage, cuts rates by up to 45bps Mortgage Strategy

Img

Clydesdale Bank has launched an exclusive 80% loan-to-value product with £1,000 cashback for remortgage customers from today (24 January), as well as cutting rates on selected residential and buy-to-let loans.  

Its exclusive remortgage deal is at 80% LTV at a five-year fixed rate, with a £1,499 fee, which comes with £1,000 cashback plus a free valuation, at 4.39%.  

The lender has also introduced an 85% LTV fixed rate fee-savers offer, starting from 4.89%.  

Highlights of its reductions for new customers include:  

  • Selected 75% to 90% LTV fixed rates have been reduced by up to 37 basis points, starting from 4.34%
  • £1m-plus 65% to 85% LTV fixed rates have been cut by up to 45bps, starting from 4.54%
  • And BTL 60% to 75% LTV fixed rates are down by up to 35bps, starting from 5.04%

 Highlights of product transfer cuts include:  

  • 65% to 95% LTV fixed rates, with a £499 fee, reduced by up to 45bps, starting from 4.19%
  • £1m-plus 65% to 85% LTV fixed rates have been cut by up to 45bps, starting from 4.54%
  • And BTL 60% to 75% LTV fixed rates are down by up to 35bps, starting from 5.04%

The bank adds that its new rates have been updated on all sourcing systems and its online application system, while the firm’s mortgage illustrator will be updated this afternoon.  


More From Life Style