Clydesdale cuts mortgage rates by up to 0.45%

Clydesdale Bank has announced rate reductions of up to 0.45% across its residential and buy-to-let mortgage ranges.

Available from Monday 26th January, selected core residential two and five-year fixed rates between 65% and 95% LTV (both new to bank and product transfer) will be reduced by up to 0.45%.

Selected professional and newly qualified professional rates are also decreasing by up to 0.29%.

In Clydesdale's broker exclusive range, purchase two and five-year fixed rates are reducing by up to 0.30%.

Large loan residential purchase and remortgage exclusive two-year fixed rates at 50% LTV are reducing by 0.07% and fee-free residential purchase and remortgage exclusive two-year fixes at 80% LTV are down by 0.19%. 

In addition, buy-to-let purchase exclusive two-year fixed rates and selected two and five-year buy-to-let product transfer rates have reduced by 0.10%.

Alongside the rate cuts, the Bank has launched new two-year discounted SVR fee offer rates, available from 4.84% for product transfer.

As part of the changes, Clydesdale is withdrawing its two-year discounted OVR rates and all end dates will move to April of the relevant year.