Clydesdale Bank will cut rates on a range of residential products for new and existing borrowers by up to 20 basis points tomorrow (6 September).
Highlights include:
New and existing customer products
- Professional two-year fixes will be reduced by up to 10bps, starting from 6.25%
- Professional five-year fixes will be reduced by up to 17bps, starting from 5.45%
- Newly qualified professional 85% loan to value to 95% LTV two-year fixed rates will be reduced by up to 20bps, starting from 6.60%
- Newly qualified professional 85% LTV and 90% LTV five-year fixes will be reduced by 10bps, starting from 6.15%
- Selected two-year fixes will be reduced by up to 20bps
- Selected five-year fixes will be reduced by 10bps
Exclusive remortgage deals
- 80% LTV five-year fixes will be reduced by 10bps to 5.59%.
These deals are available for loan sizes between £200,000 and £1.5m.
Exclusive large loan deals
- 65% and 75% LTV two-year fixes will be reduced by up to 10bps, starting from 5.98%
- 65% LTV five-year Fixes will be reduced by 10bps to 5.39%
These deals are available for loan sizes between £1m and £2m.
The post Clydesdale Bank cuts resi rates by up to 20bps appeared first on Mortgage Strategy.
