Mortgage News
Clydesdale Bank reduces rates and ups large loan size
Clydesdale Bank has made several changes to its mortgage range, including reductions and an increase to the maximum large loan limit.
Within its core residential offering, selected 65-75% loan to value (LTV) will be cut by up to 0.15% and start from 4.44%.
At 95% LTV, the bank has cut rates by 0.2% and pricing now starts at 5.34%.
Across its products for professional and newly qualified professional borrowers, Clydesdale Bank has reduced selected rates by up 0.38%.
Pricing has been cut by up to 0.15% on exclusive remortgage options, and now begin at 4.52%. The lender’s purchase rates have been lowered by up to 0.18% and start from 4.61%.
Clydesdale Bank has also increased the maximum loan size available on exclusive large loan options. At 65% and 75% LTV, the loan band now starts at £750,000 up to £2.5m.
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Buy to let changes
Clydesdale Bank has also refreshed its buy-to-let (BTL) mortgage range.
This includes reductions of up to 0.73% on its two- and five-year fixed products. The lender will also add products with a £3,999 fee to new business customers.
Changes will apply from 2 July.
Last month, Clydesdale Bank made changes to its mortgage offering.