Clydesdale cuts rates and launches new remortgage exclusives

Rates have reduced by up to 0.20%.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
15th September 2023
Clydesdale Bank

Clydesdale Bank has reduced rates across its mortgage range by up to 0.20% and launched new exclusive remortgage deals with £500 cashback.

The new remortgage products are available at 75% LTV and include a two-year fixed rate at 5.59% and a five-year fix at 5.25%.

In addition, 80% LTV two and five-year fixed rates have reduced by up to 11bps and now start at 5.99% and 5.49% respectively.

These deals are available for loan sizes between £200,000 and £1.5m.

Across Clydesdale's exclusive large loan products, 65% and 75% LTV two-year fixed rates will be reduced by 0.10%, starting from 5.88%, while a 75% LTV five-year fixed rate has reduced by 6bps to 5.43%.

The large loan deals are available available for loan sizes between £1m and £2m.

In the lender's new and existing customer product ranges, professional two and five-year fixed rates have been cut by 0.10%, now starting from 6.18% and 5.35% respectively.

Newly qualified professional two-year fixed rates have reduced by 10bps, now starting from 6.35%, while five-year fixes have reduced by up to 20bps and now start from 5.65%.

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

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

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