Clydesdale Bank is launching mortgages and increasing select rates from 26 July.
This includes a pair of broker exclusive remortgage deals at 80 per cent loan to value (LTV). There is a two-year fix with a rate of 6.35 per cent and a five-year fix priced at 5.82 per cent.
The products offer loan sizes of between £200,000 and £1.5m.
For new borrowers, Clydesdale is launching five-year fixed rates at 95 per cent LTV. The existing product transfer deals at the same tier will remain unchanged.
From 8pm today, the lender will increase rates across its two-year fixed products between 65 and 80 per cent LTV by as much as 0.28 per cent. Its five-year fixed rates between the same LTV tiers will be increased by up to 0.3 per cent.
The lender will also lower the fees attached to its new applications. Its funds transfer fee will be cut from £40 to £25 while the mortgage exit fee will go down from £195 to £99.
The funds transfer fee will also be removed from mortgages where there is no product fee.
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
