Clydesdale Bank has made changes to its mortgage offering with the launch of a product for first-time buyers and rate reductions.
There is now a 90 per cent loan to value (LTV) two-year fixed product for those getting on to the property ladder. This has a rate of 2.89 per cent and a £1,999 fee. It also includes a free valuation.
A two-year fix at 90 per cent LTV for all borrowers has also had its rate reduced to 2.95 per cent. This also has a £1,999 fee.
Elsewhere, the bank has withdrawn a two-year fixed at 75 per cent LTV as well as a two-year discounted product with a rate of 1.74 per cent.
Clydesdale Bank has also updated the way it accepts product fees due to broker feedback. It now allows fees to be added to the total mortgage loan as long as it does not take a residential loan over 95 per cent LTV and a buy-to-let loan over 80 per cent LTV.
These changes came into effect today.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
