Clydesdale Bank has made a series of rate cuts, including reductions of up to 96 basis points (bps) on its 90 per cent loan to value (LTV) mortgages.
The largest reduction has been made to its two and five-year fixed rates for borrowers with a 10 per cent deposit or equity. Rates now start from 2.08 per cent for a two-year fixed product transfer with a £999 fee and 2.58 per cent for the five-year fixed option.
At 85 per cent LTV, two and five-year fixed rates have been cut by as much as 23 bps while 80 per cent LTV equivalents have seen reductions of up to 50 bps.
The bank’s buy-to-let products have been reduced by up to 60 bps.
Clydesdale has also opened up its newly-qualified professional range at 90 per cent LTV to more borrowers. The deals have a maximum loan size of £540,000 and the fee-paying options offer one standard free valuation.
Meanwhile, rates for new professionals at 85 to 90 per cent LTV have been cut by 51 bps.
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
