Clydesdale Bank launches new BTL products, cuts rates by up to 43bps  

By: ameer@trustedteam.com

Clydesdale Bank has introduced new products and cut rates by up to 43 basis points for new and existing customers across its residential and buy-to-let mortgage range.  

Highlights of the changes for new customers include:  

  • New exclusive £1 to £2m 65% loan to value fixed-rate deals, with a £1,999 fee, launched from 4.71%   
  • New BTL 75% LTV fixed-rate fee-savers, launched from 5.70%  
  • New BTL 80% LTV fixed-rate offers, launched from 6.30%  
  • Professional and newly-qualified professional 85% LTV fixed-rate loans have been reduced by up to 43bps, starting at 4.95%  
  • 75% to 90% LTV fixed-rate deals have been cut by up to 26bps, starting at 4.64%  

Product transfer highlights include:  

  • 65% to 95% LTV fixed-rate fee-savers are down by up to 43bps, starting at 4.64%  
  • Professional and newly-qualified professional 85% LTV fixed-rate loans have been reduced by up to 43bps, starting at 4.95%  
  • 65% to 95% LTV fixed-rate offers, with a £499 fee have been cut by up to 26bps, starting at 4.53%  
  • BTL 60% to 75% LTV fixed-rate deals have been reduced by 22bps, starting at 5.21%  
  • £1m-plus 65% to 85% LTV fixed rates are down by up to 26bps, starting at 4.88%  

The lender says its new rates are live on all sourcing systems, while its website will be updated within 24 hours.

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