Clydesdale Bank launches new residential purchase and BTL products
The bank has also announced reductions on selected rates and the withdrawal of its 75% LTV purchase exclusives.
Clydesdale Bank has announced that it has expanded its buy-to-let range this morning with the following products:
Exclusive Customer BTL
- 2-Year Fixed Rate with £1,999 fee at 5.60% for loans between £500k to £1m.
- 5-Year Fixed Rate with £1,999 fee at 5.20% for loans between £500k to £1m.
- 2 and 5-year fixed rates with £499 fee, starting from 5.09%.
Residential Purchase Exclusive
- 80% LTV 2-Year Fixed Rate with £1,499 fee at 5.06%.
- 80% LTV 5-Year Fixed Rate with £1,499 fee at 4.78%.
Rate reductions
The bank has also announced that 65% and 75% LTV C&I Fee and Fee offer rates will be reduced by 0.10%, selected 60% and 75% LTV BTL Fee offer rates will be reduced by up to 0.30%, and selected BTL rates with £1,999 fee will be reduced by up to 0.16%.
In addition to this, the bank has also withdrawn two Exclusive Purchase products, a 75% LTV 2-Year Fixed Rate at 5.02% and its 75% LTV 5-Year Fixed Rate at 4.74%.
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