Clydesdale Bank has increased rates on select higher loan to value (LTV), professional and newly qualified professional and discounted offset rates by as much as 0.25 per cent.
Rates for two and five-year fixed products between 75 and 90 per cent LTV will rise by 0.09 per cent.
Clydesdale’s two-year fixed fee-saver product at 75 per cent LTV and 85 per cent LTV have also increased by 0.09 per cent to 2.5 per cent and 2.54 per cent respectively.
Five-year fixed rates at 80 per cent LTV, with both £1,499 and £999 fees, will increase by 0.03 per cent. For instance, its five-year fixed rate with £999 fee is now 2.3 per cent.
Five-year fixed rates at 90 per cent LTV with a £999 fee have gone up by as much as 0.11 per cent. This includes its five-year fixed rate with £999 fee which has risen to 2.6 per cent.
The lender has also increased the rates for professional and newly qualified professional borrowers looking for two and five-year fixes by up to 0.09 per cent.
Clydesdale Bank added that its discounted offset rates have increased by 0.25 per cent, which is in-line with its offset variable rate which stands at 5.2 per cent.
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.
