Clydesdale Bank reduces 90% LTV rates and launches new buy-to-let deals

Clydesdale has launched new buy-to-let rates at 60% LTV.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
3rd August 2023
Clydesdale Bank

Clydesdale Bank has launched new residential and buy-to-let product rates.

In the Bank's exclusive purchase range, a 90% LTV two-year fixed rate has reduced by 0.30% to 6.20% and a five-year fix at 90% LTV has been cut by 0.10% to 5.75%.

The new deals are available for loan sizes between £300,000 and £600,000.

In addition, selected 80% LTV two-year fixed rates will be reduced by up to 0.10%.

Clydesdale has also launched new buy-to-let rates at 60% LTV. A two-year fixed rate with a £1,999 fee is available at 6.72% and a five-year fix with a £2,999 fee has launched at 6.32%.

Buy-to-let two and five-year fixed rate fee offer products at 75% LTV and buy-to-let two-year fixed rates at 60% LTV with a £999 fee have been withdrawn.

As part of the changes, all end dates will move to November of the relevant year.

Ahead of the Bank of England's interest rate announcement later today, Clydesdale has increased two-year offset discount variable rates by 0.50%, now starting from 5.74%.

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