Clydesdale Bank cuts rates by as much as 0.25% Mortgage Strategy

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Clydesdale Bank has trimmed prices across core residential, exclusives, professional and buy-to-let (BTL) ranges by as much as 0.25%.

Selected residential 85% to 95% two- and five-year professional and newly qualified professional rates will be reduced by up to 0.25%. The lender has also increased the maximum loan size on professional products.

In addition, it has lowered rates by as much as 0.20% on two-year 75% LTV BTL rates.

Clydesdale Bank has also made its two-year fee offer rates available to new customers.

Selected residential 90% to 95% two- and five-year rates have been reduced by up to 0.20% while selected residential 65% and 85% two- and five-year rates will be cut by up to 0.16%.

The lender’s residential 95% two-year purchase exclusive rate will be reduced by up to 0.23% while the residential 85% two- and five-year remortgage exclusives rates will be trimmed by as much as 0.19%.

The rate has also been lowered by 0.05% on its residential 65% two-year existing customer product transfer exclusive.

Earlier this month, Clydesdale Bank announced it will offer brokers direct access to its underwriting team for large loans over £500,000.


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