Clydesdale Bank cuts resi and buy-to-let rates

Ryan Bembridge

September 27, 2018

Clydesdale Bank Intermediaries has cut a range of residential and buy-to-let mortgages by up to 0.20%.

The bank’s residential 2-year fixes to 90% loan-to-value stands at 1.89% with a £999 arrangement fee, while its 5-year fix ‘professional mortgage’ to 90% LTV stands at 2.59% to 90% LTV with no fee.

Fred Sharp, head of mortgage distribution, said: “We’re delighted to announce these positive changes across such a broad range of products.

“Our newly qualified professional product range has generated a great amount of interest since its launch in July and I’m especially pleased we are able to offer such competitive rates on these products, allowing us to help even more customers.”

On buy-to-let its 3-year fix to 60% LTV now costs 2.39% with a £1,999 fee.

For properties in London and the South East Clydesdale Bank now offers a 2-year fix at 2.29%. 3-year fix at 2.79% and 5-year fix at 2.89%, all to 75% LTV and with a £2,999 arrangement fee.

The bank has also launched two new buy-to-let products, a 5-year fix at 2.59% with a £1,999 fee and a 5-year fix at 2.79% with no fee.

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