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Clydesdale slashes rates by up to 96 bps

  • 30/09/2021
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Clydesdale slashes rates by up to 96 bps
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. 

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