Clydesdale Bank Intermediaries has launched a 5-year fixed rate at 1.89%
The product is available for loans up to £1m at a maximum LTV of 75%. It comes with an arrangement fee of £1,499 for loans between £80,000 and £499,999 and a fee of £2,499 for loans between £500,000 and £1m.
Fred Sharp, head of mortgage distribution, said: “The 5-year fixed rate market is increasingly popular, with customers looking to secure certainty of payments for a longer period against a backdrop of base rate rise speculation.
“We are delighted to announce our new 1.89% rate available for customers with a LTV up to 75% which we hope will deliver real value to our customers.”
The product is available for purchase and remortgage, with remortgage applications offering a free valuation for properties worth up to £2m.