Clydesdale Bank will launch exclusive residential products, cut fees and raise rates on selected new and existing offers by up to 30 basis points.
The lender’s changes, the majority of which take effect tomorrow (26 July), cover:
Exclusive remortgage deals
- New 80% loan-to-value two-year fixes, available from 6.35%
- New 80% LTV five-year fixes, available from 5.82%
These deals are available for loan sizes between £200,000 and £1,500,000.
New and existing customer products
- New 95% LTV five-year fixes will be available for new customers. Its existing product transfer rates at 95% LTV remain unchanged
The firm says these changes come to market at 8pm today (25 July).
New and existing customer products
- 65-80% LTV two-year fixes will rise by up to 28bps
- 65-80% LTV five-year fixes will lift by up to 30bps
- Its professional and newly qualified offer will be available for loan sizes between £150,000 and £1,000,000
The bank adds that it will cut its fees for new applications submitted from tomorrow.
Its funds transfer fee will be reduced to £25 from £40, while its mortgage exit fee comes down to £99 from £195.
The firm adds that for deals with no associated product fee, including its fee offer fixed-rate residential, BTL and professional range, the funds transfer fee will also be removed.
