Clydesdale makes rate changes ahead of new product launches

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.