Clydesdale Bank has introduced a two-year fixed rate intermediary-only product while making a range of rate cuts to its residential deals.
The two-year fixed rate purchase and remortgage product has a rate of 2.45 per cent and is available at 90 per cent loan to value (LTV). The product also comes with a free valuation incentive.
The lender has cut its five-year fixed rate purchase and remortgage product, also available up to 90 per cent LTV, from 3.19 per cent to 2.89 per cent.
Both these products are only available through intermediaries and are subject to a £1,999 fee.
Clydesdale Bank has also made a range of rate cuts across its residential deals.
Its no-fee two-year fixed rate at 75 per cent LTV has fallen from 1.68 per cent to 1.5 per cent, whilst its five-year fixed rate has gone from 1.72 per cent to 1.58 per cent.
The lender’s no-fee two-year fixed rate product at 80 per cent LTV has been cut by 0.18 per cent to 2.05 per cent. Its five-year fixed rate at the same LTV with a £999 fee has decreased by 0.14 per cent to 1.91 per cent.
Clydesdale Bank’s two-year fixed rate professional and newly-qualified professional product at 85 per cent LTV has been reduced by 0.3 per cent to 2.15 per cent.
Its two-year fixed rate at 90 per cent LTV for London and the Southeast has fallen by 0.3 per cent to 3.12 per cent, and its similar five-year fixed rate now stands at 3.36 per cent. These products are available for loans less than £750,00 and are subject to a £999 fee.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
