We reduced the following Clydesdale Bank Residential Variable rates on Thursday 15 January
Residential Variable Rates
- Standard Variable Rate has been reduced by 0.25% to 6.74%.
- Offset Variable Rate has been reduced by 0.25% to 6.89%.
- 2 year discounted SVR rates have been reduced by 0.25%.
Large Loan Refresh
- Towards the end of last year, we also increased our maximum LTV for part C&I, part IO to 85% LTV, for loans up to £1.5m.
- Up to 75% LTV can now be taken on an interest-only basis.
- Any extra borrowing up to 85% LTV is taken on C&I.
- That’s the same for all the repayment vehicles we accept.
- We also removed the 70% LTV restriction we had for downsizing on loans above £1.5m, so downsizing can now be used up to 75% LTV on an interest-only basis. Any borrowing above 75% LTV must be taken on C&I.
You can find our current rates on our website. If you've got any questions, you can get in touch with your Business Development Manager.
The Team at Clydesdale