Clydesdale relaunches residential and buy-to-let mortgages

Clydesdale was one of several lenders to temporarily withdraw its mortgage products last week.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
13th June 2023
Clydesdale Bank

Clydesdale Bank has relaunched a range of residential and buy-to-let mortgage products for new customers.

Due to high demand, the lender temporarily withdrew all new business mortgage products on Friday 9th June.

In its core residential range, 80% LTV two-year fixed rates have launched at 5.24% with a £999 fee and 5.54% fee-free, while five-year fixed rates at 80% LTV are available at 4.92% with a £999 fee or 5.03% fee-free.

An exclusive remortgage range has also launched with £500 cashback. At 75% LTV, two-year fixed rates are available at 5.23% and five-year fixes at 4.88%, both with a £1,499 fee.

Clydesdale's £1-2m large loan range includes 65% LTV two-year fixes at 5.30% and five-year fixes at 4.90%, both with a £1,999 fee.

In its buy-to-let range, two-year fixed rates at 75% LTV now start at 5.68% with a £1,999 fee and 6.12% fee-free, with five-year fixes available from 5.34% with a fee and 5.58% fee-free.

As part of the relaunch, all existing customer products across residential and buy-to-let have increased by between 20-30bps.

Residential existing customer products include two-year fixed rates at 65% LTV starting at 5.10% and five-year fixes from 4.75%.

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