Clydesdale launches three year fixes

The deals are available at 70% loan-to-value with a rate of 3.19%; 75% LTV at 3.59%; 80% LTV at 4.29%; and 85% LTV at 5.29%.

The fee for each product is £999 for loans up to £500,000. Higher loans are also available.

John Tooth, head of business to business mortgage distribution and strategy at Clydesdale, said: “Brokers have been telling us that there is a desire for a 3-year product from applicants who want a longer fixed term but do not want to commit to a 5-year rate.

“These new products are in response to that feedback and continue our line of introducing products that there is demand for in the intermediary market.”