Clydesdale Bank Rate Reductions and New Products

9th January 2019

Exciting news. We have reduced some of our rates and introduced a number of new products to the residential mortgage range.

Rate Reductions

The following rates have reduced, live now:

Product	Old rate	New rate
2 Year Fixed to 95% LTV - FTB	3.09%	2.99%
5 Year Fixed to 95% LTV - FTB	3.59%	3.49%
2 Year Fixed to 95% LTV - Newly Qualified Professional	3.29%	3.19%
5 Year Fixed to 95% LTV - Newly Qualified Professional	3.79%	3.69%
BTL: 5 Year Fixed to 60% LTV - Fee Offer	2.79%	2.69%
BTL: 5 Year Fixed to 75% LTV - Fee Offer	2.89%	2.79%
BTL: 2 Year Fixed to 60% LTV	2.39%	2.29%
BTL: 2 Year Fixed to 75% LTV	2.59%	2.49%
BTL: 3 Year Fixed to 60%	2.49%	2.39%
BTL: 3 Year Fixed to 75% LTV	2.69%	2.49%
BTL: 5 Year Fixed to 60% LTV	2.59%	2.49%
BTL: 5 Year Fixed to 75% LTV	2.69%	2.59%

New Products

Live now, we have introduced several new Full C&I residential fixed rate products. These products may only be used where the whole of the mortgage is on a Capital & Interest repayment basis:

Product	Rate	Arrangement fee
2 Year Fixed to 75% LTV (Full C&I)	1.74%	£999 / £1499
2 Year Fixed to 80% LTV (Full C&I)	1.84%	£999 / £1499
2 Year Fixed to 75% LTV - £1m+ (Full C&I)	1.74%	£1,999
2 Year Fixed to 80% LTV - £1m+ (Full C&I)	1.84%	£1,999
5 Year Fixed to 75% LTV (Full C&I)	2.19%	£999 / £1499
5 Year Fixed to 80% LTV (Full C&I)	2.29%	£999 / £1499
5 Year Fixed to 75% LTV - £1m+ (Full C&I)	2.19%	£1,999
5 Year Fixed to 80% LTV - £1m+ (Full C&I)	2.29%	£1,999

Minimum loan size £80k for standard products and £1m for £1m+ products.
Maximum loan size £1m for standard products, £2m (80% LTV) and £5m (75% LTV) for the £1m+ products.
Arrangements fee £999 for standard products up to £500k / £1499 for standard products over £500k, and £1999 for £1m+ products.
These products may only be used where the whole of the mortgage is on a Capital & Interest repayment basis
Remortgage applications benefit from free standard legal fees and one free valuation*.

*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. Free valuations are available on properties worth £2m, or less. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package. When using products available for mortgages over £1m which benefit from the switching package incentive, the switching package is enhanced to allow one free valuation for properties worth £3m or less (standard free legals remain limited to properties worth £2m or less).

Product Transfers

Where applicable, 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.

If you have any questions, please contact your Relationship Manager.

Get in touch

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