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Clydesdale Bank Announces Important Changes to Intermediary Mortgages Products

We have today made a number changes to our range of intermediary mortgage products which take effect immediately.

21st July 2011

We have withdrawn the 2 year and 5 year fixed residential products and we are pleased to announce they have been replaced with the significantly more competitive range below:

The full revised product guide is now available on our website.

Fixed rate residential mortgages

  • 2 year fixed rate maximum 70% LTV with an initial rate of 2.88% (the overall cost for comparison is 4.4% APR)
  • 2 year fixed rate maximum 75% LTV with an initial rate of 3.18% (the overall cost for comparison is 4.4% APR)
  • 2 year fixed rate maximum 80% LTV with an initial rate of 3.89% (the overall cost for comparison is 4.6% APR)
  • 2 year fixed rate maximum 85% LTV with an initial rate of 4.89% (the overall cost for comparison is 4.8% APR)
  • 5 year fixed rate maximum 70% LTV with an initial rate of 3.99% (the overall cost for comparison is 4.5% APR)
  • 5 year fixed rate maximum 75% LTV with an initial rate of 4.49% (the overall cost for comparison is 4.7% APR)
  • 5 year fixed rate maximum 80% LTV with an initial rate of 4.99% (the overall cost for comparison is 4.9% APR)
  • 5 year fixed rate maximum 85% LTV with an initial rate of 5.79% (the overall cost for comparison is 5.3% APR)

Fixed rate buy to let mortgages

  • 2 year fixed rate maximum 70% LTV with an initial rate of 4.19% (the overall cost for comparison is 4.7% APR)
  • 5 year fixed rate maximum 70% LTV with an initial rate of 5.29% (the overall cost for comparison is 5.1% APR)

The arrangement fee for the buy to let products is £1,999.

Fixed rate residential exclusives

In addition to these changes, we have also withdrawn the following exclusive products:

  • Exclusive 2 Year fixed rate maximum 65% LTV with an initial rate of 2.88%
  • Exclusive 2 Year fixed rate maximum 75% LTV with an initial rate of 3.25%
  • Exclusive 5 Year fixed rate maximum 65% LTV with an initial rate of 4.19%
  • Exclusive 5 Year fixed rate maximum 75% LTV with an initial rate of 4.49%

To help you manage any application in progress, we will accept applications for the withdrawn products until 5.00 pm on Friday 22 July.

Thank you for your ongoing support and for further information about any of our products, please contact your local Relationship Partner.

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