Clydesdale Bank cuts rates

Michael Lloyd

August 5, 2019

Clydesdale Bank Intermediaries has reduced rates across its 2 and 5-year mortgages and extended its free valuation incentive to include purchase applications on selected residential fee offer products. 

Within its 2-year fixed range at 75% loan-to-value, a rate has been cut from 1.84% to 1.74%, another rate at 75% LTV has been reduced from 1.89% to 1.79% and at 80% LTV, a rate has decreased from 1.99% to 1.89%.

Fred Sharp, head of mortgage distribution, said: “We are delighted to announce these new rates. We are always looking at ways of delivering real value for our customers.

“We hope these rates together with the offering of a free valuation for more of our customers will help a range of customers to either get onto the property ladder or move home.”

The 5-year fixed rate up to 95% LTV for first-time buyers was cut from 3.25% to 3.19%.

In addition, a selection of residential products now come with a free valuation on purchase applications for a limited period, extending the offer which already applies to remortgage and unencumbered applications.

These include a 2.19% 2-year fix at 85% LTV, a 2.29% 2-year fix at 90% LTV, a 2.59% 5-year fix at 85% LTV and a 2.79% 5-year fix at 90%.

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