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Clydesdale Bank ups select rates by 0.32 per cent

Anna Sagar
Written By:
Posted:
May 4, 2022
Updated:
May 4, 2022

Clydesdales Bank has increased certain higher loan to value (LTV) residential, professional and newly qualified, and buy to let products.

The lender has increased two and five-year fixed rates at 90 per cent LTV for loans between £600,000 and £1m by up to 0.32 per cent.

This includes a two-year fixed residential product which has gone from 2.67 per cent to 2.99 per cent.

Residential two and five-year fixed rates between 65 and 85 per cent LTV for loans over £1m increased by around 0.16 per cent.

An example includes its five-year fixed rate at 65 per cent LTV which now stands at 2.55 per cent, a rise from 2.44 per cent previously.

On the buy-to-let side, Clydesdales’ products at 60 per cent LTV have risen by up to 0.16 per cent, which includes its two-year fixed rate going from 2.24 per cent to 2.4 per cent.

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It added that select buy-to-let rates at 75 per cent LTV have gone up by 0.15 per cent.

Clydesdale Bank has increased its professional and newly qualified professional rates by up to 0.12 per cent.

Finally, the lender has upped select two and five-year fixed rates between 75 and 90 per cent LTV by up to 0.09 per cent.