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Clydesdale Bank announces important changes to its Intermediary Mortgage Products

Updates to our product range

4th February 2011

With effect from today, we have made the following changes to our mortgage products:

We’re delighted to announce that we have reduced the initial rate for our:

  • 5 year Fixed Rate maximum 65% LTV to 4.29% (the overall cost for comparison is 4.6% APR)
  • 5 year Fixed Rate maximum 75% LTV to 4.79% (the overall cost for comparison is 4.8% APR)

These changes strengthen our offering to our intermediary partners, offering more competitive pricing in the 5 year market, which we are seeing is now becoming more popular.

We have also introduced two new LTV tiers for the 2 year and 5 year fixed rate residential mortgages:

  • 2 year Fixed Rate maximum 80% LTV with an initial rate of 4.19% (the overall cost for comparison is 4.7% APR)
  • 5 year Fixed Rate maximum 80% LTV with an initial rate of 5.49% (the overall cost for comparison is 5.1% APR)

Additionally, the end dates for all our mortgage products have been extended to 31st May of the relevant year.

For further information about any of our products, please contact your local Relationship Partner or call us on 0800 678 3066 (open 9am to 5pm weekdays).

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