It launches two £1,000 cashback exclusive products at 75% LTV
Clydesdale Bank has announced a number of changes across its residential mortgage range, launching new products and reducing rates on select mortgages.
From April 6, two-year fixes at 75% loan-to-value (LTV) with a £1,499 fee have been launched at 4.39% for exclusive remortgage deals with £1,000 cashback and free valuation. The same with a longer five-year term have also been launched at 3.98%. Fixed rates at 80% LTV with a £1,499 fee have been reduced by up to 0.19%.
For new customers, 75% to 90% LTV fixed rates have been slashed by up to 0.24%, while 85% to 90% LTV professional and newly qualified professional fixed rates have been reduced by up to 0.14%. Exclusive £1 million to £2 million fixed rates at 65% to 75% LTV have been cut by up to 0.21%, while £1 million-plus fixed rates at 65% to 85% LTV have been slashed by up to 0.24%.
Under Clydesdale’s product transfer range, 65% to 90% LTV fixed rates have been reduced by up to 0.24%, 85% to 90% LTV professional and newly qualified professional fixed rates by up to 0.14%, 65% to 75% LTV exclusive £1 million to £2 million fixed rates by up to 0.21%, and 65% to 85% LTV £1 million-plus fixed rates by up to 0.24%.
Details of all Clydesdale mortgage products, reflecting the latest product changes, are available online through its intermediaries website.
“We have made a number of reductions across the Clydesdale Bank mortgage range with five-year fixed rates now starting at 3.98%,” Richard Walker (pictured), head of intermediary sales at Virgin Money, said. “We have also launched two £1,000 cashback exclusive products at 75% LTV for remortgage customers which allows them to use their own solicitors.”
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