Clydesdale Bank has updated criteria for its 90 per cent loan to value (LTV) products to amend the eligible property types and increase maximum terms.
The maximum mortgage term has risen to 35 years from 30, and the bank will now accept flats and maisonettes shorter than four storeys.
Properties must not be ex-local authority or ex-Ministry of Defence.
Across its 80 per cent LTVs, the bank has upped the maximum loan size from £750,000 to £1m.
Clydesdale Bank has also added a pair of 90 per cent LTVs to its range. The two-year fixed has a rate of 3.42 per cent and the five-year fix is set to 3.66 per cent. These products have fees of £999.
For these products, loan sizes vary between £540,000 and £750,000.
The bank has reduced rates on two and five-year fixes with a £999 fee at 75 per cent LTV with pricing starting from 1.32 per cent.
The five-year fixed fee-free alternative has been cut to 1.72 per cent.
Meanwhile, it has simplified the fee structure on all its capital and interest repayment mortgages for loan sizes up to £1m. All fee-paying options now have a standard fee of £999.
These changes are effective from 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
