Clydesdale Bank launches mortgage range

The new suite of mortgage products include improvements to Clydesdale Bank’s current traditional and offset tracker products, which have the added benefit of being available as capped products.

The new products are as follows:

- Traditional Tracker (0.19 / 0.24 bps over Bank Base) reverting to 0.55 over bank base for life after 2 yrs - 4.69% purchase / 4.74% remortgage

- Capped Traditional Tracker (0.39 /0.44 bps over Bank base) reverting to 0.55 over bank base for life after 2 yrs - 4.89% purchase / 4.94% remortgage

- Offset Tracker (0.39/0.44 bps over Bank base) reverting to 0.75 over bank base for life after 2 yrs - 4.89% purchase / 4.94% remortgage

- Capped Offset Tracker (0.49/0.54 bps over bank base) reverting to 0.75 over bank base for life after 2 yrs - 4.99% purchase / 5.04% remortgage

- 2 year Traditional Fixed - 4.65 purchase / 4.75 remortgage

The mortgages carry an arrangement fee of £449. Clydesdale Bank does not charge a fee on completion.

Commenting on the launch of the new products, Dean Cutbill, general manager of Third Party Distribution, said: "Our new products are extremely attractive for customers looking to purchase or remortgage to Clydesdale Bank. We have already received positive feedback from our broker partners who are particularly excited about the new capped offset mortgage.”