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Now Live - Clydesdale Bank Rate Reductions, Product Withdrawals & Other Product Changes

2nd March 2015

We are pleased to announce that we have today reduced rates across some of our residential products, made some moderate increases to others and are withdrawing some products in our 60% LTV tiers. All the changes are detailed below:

Residential Rate Reductions:

  • 2 year fixed < 60% with an initial rate of 2.09% and no arrangement fee
  • 2 year fixed < 70% with an initial rate of 2.09%
  • 2 year fixed < 75% with an initial rate of 2.19%
  • 2 year fixed < 75% with an initial rate of 2.29% and no arrangement fee
  • 2 year fixed < 80% with an initial rate of 2.29%
  • 2 year fixed < 70% ( > £1m) with an initial rate of 2.19%
  • 2 year fixed < 75% ( > £1m) with an initial rate of 2.29%
  • Interest only - 2 year fixed < 70% with an initial rate of 2.29%
  • Interest only - 2 year fixed < 75% with an initial rate of 2.39%
  • Interest only - 2 year fixed < 70% ( > £1m) with an initial rate of 2.39%
  • Interest only - 2 year fixed < 75% ( > £1m) with an initial rate of 2.49%

Residential Rate Increases:

  • 2 year fixed < 60% ( > £1m) with an initial rate of 2.09%
  • 5 year fixed < 60% ( > £1m) with an initial rate of 2.94%
  • 5 year fixed < 70% with an initial rate of 2.94%
  • 5 year fixed < 70% ( > £1m) with an initial rate of 3.04%
  • Interest only - 2 year fixed < 60% ( > £1m) with an initial rate of 2.29%
  • Interest only - 5 year fixed < 60% ( > £1m) with an initial rate of 3.14%
  • Interest only - 5 year fixed < 70% with an initial rate of 3.14%
  • Interest only - 5 year fixed < 70% ( > £1m) with an initial rate of 3.24%

Products Being Withdrawn:

  • 2 year fixed < 60% with a current rate of 1.89%
  • 5 year fixed < 60% with a current rate of 2.79%
  • Interest only – 2 year fixed <60% with a current rate of 2.09%
  • Interest only – 5 year fixed <60% with a current rate of 2.99%

New product information will be available on our website from Monday March 2. To assist you with pipeline cases you may have, we will accept applications on the withdrawn rates until 5.00pm today. Cases received after this time/date cannot be accepted. You may use our online application facility to submit cases to us.

For more information please contact your Relationship Partner.

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