Clydesdale Bank New Products & Rate Reductions

20th September 2017

Live now: New products and rate reductions, including our lowest ever rate!

New Residential Products

• 2 year fixed to 60% LTV with a rate of 1.24% and an arrangement fee of £999 (loans £80k-£499,999) or £1,499 (loans £500k - £1m).
• 5 year fixed to 60% LTV with a rate of 1.89% and an arrangement fee of £999 (loans £80k-£499,999) or £1,499 (loans £500k - £1m).
• 5 year fixed to 60% LTV (fee offer) with a rate of 2.04% and no arrangement fee (loans £80k-£1m).

Our new residential 60% LTV products are only available for C&I mortgages and are available for purchase or remortgage. These products also benefit from our remortgage switching package*.

Residential Rate Reductions

If that’s not enough, we’ve also reduced a number of rates across our residential range by up to 0.20% - all live now.

• 2 year fixed to 75% LTV reducing from 1.39% to 1.34%
• 2 year fixed to 80% LTV reducing from 1.44% to 1.39%
• 2 year fixed to 60% LTV (fee offer) reducing from 1.59% to 1.54%
• 2 year fixed to 75% LTV (fee offer) reducing from 1.69% to 1.59%
• 2 year fixed to 80% LTV (fee offer) reducing from 1.89% to 1.69%
• 5 year fixed to 75% LTV (fee offer) reducing from 2.29% to 2.19%
• 5 year fixed to 80% LTV (fee offer) reducing from 2.39% to 2.29%
• 2 year fixed to 85% LTV (Professional) reducing from 1.99% to 1.89%
• 2 year fixed to 90% LTV (Professional) reducing from 2.59% to 2.49%
• 5 year fixed to 90% LTV (Professional) reducing from 3.09% to 2.99%
• 2 year fixed to 60% LTV (£1m+) reducing from 1.59% to 1.49%
• 2 year fixed to 75% LTV (£1m+) reducing from 1.74% to 1.59%
• 5 year fixed to 60% LTV (£1m+) reducing from 2.19% to 1.99%
• 5 year fixed to 75% LTV (£1m+) reducing from 2.29% to 2.19%

How To Apply

We know you want your cases to go through with minimum fuss and maximum speed–so do we.

To give your cases the best chance of getting through first time, before applying online check out our packaging requirements.

Product Transfers

Remember, these changes also apply to any Product Transfer applications you would like to submit via our online form.

Existing customers benefit from a 50% reduction to arrangement fees and you can apply up to 6 months before your customer’s current deal ends. You can choose for your customer’s Product Transfer to take place up to 3 months before their current deal ends without incurring an Early Repayment Charge.

For more information on our products or how we may be able to assist your clients, please contact your Relationship Manager.

*Free valuations are available on properties worth £2m, or less. Please note that the switching package is only available to applicants moving their mortgage from another lender. If the property to be mortgaged is unencumbered then a free standard valuation is available. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package.