Clydesdale Bank will lift selected fixed-rate residential products tomorrow, while Buckinghamshire Building Society launches two new home loan products – including one for borrowers with adverse credit.
The bank will raise some professional two- and five-year fixes by up to 6 basis points, from 11 April.
Selected exclusive residential two- and five-year remortgage deals will lift by up to 5bps, while two-year offset discount variable rate products rise by 10bps.
The lender says brokers applying for these offers, should submit their applications by 8pm today (10 April).
Meanwhile, Buckinghamshire Building Society debuts a pair of mortgage deals.
It launches a three-year impaired credit mortgage fix at 6.59%, at up to 70% loan to value, with a £999 product fee.
The mutual also introduces a retirement interest-only five-year discount deal at 5.69% variable, at up to 60% LTV, with a £499 product fee.
The lender adds that it has also revamped its prices across its entire home loan range by up to 40bps.
Buckinghamshire Building Society head of mortgage sales Claire Askham says: “Over the last couple of months we’ve completed a thorough review of our product range with the aim of making it more accessible for more applicants — whether that’s by making adjustments to criteria, reducing product fees or launching innovative new features.
“I believe that with these changes and the combination of our manual underwriting process and highly experienced key account managers and support teams, we’re in the position to help more applicants with complex issues than ever before.”
