Clydesdale makes rate changes ahead of new product launches
Clydesdale Bank is launching new products tomorrow (Tuesday 4th July) and is repricing others as of 8pm today.
The lender is introducing two new products in its Professional range, available up to 75% - a two-year fix at 6.25% and a 5-year fix at 5.60%.
As of 8pm today (Monday 3rd July), the lender will increase rates on its £1m - £2m fixed rates by 0.43% (now starting at 5.40%) and remortgage fixed rates with cashback will be increased by up to 0.50%.
Rates across a number of its other fixed rate products will also increase - including by up to 0.66% on its interest only fixed rate products and up to 0.11% on its buy-to-let 80% LTV products. Fixed rates for full capital & interest, £1m+, professional range at 85%-95%, and buy-to-let products at 60%-70% will also be affected.
The end date of these products will now move to October of the relevant year.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
FCA mortgage reform plans set out affordability assessment changes for borrowers with past credit problems
Bank Of England
Decision to hold interest rates an 'active choice', BoE's Bailey says
Offa
Offa joins Iress XPM and Trigold
Interest Rates
Case for hiking rates is growing, MPC member says
House Prices
House prices to fall 2% in 2026 as war in Iran 'fundamentally changes outlook'
CPD article
Beyond the Bank of Family: How lenders can unlock homeownership
