Clydesdale makes rate reductions on BTL and resi products

The changes, which are effective as of tomorrow, include selected 2- and 5-year fixed rate products on the lender's core residential range reduced by up to 0.25%, now starting at 3.89%.

Selected exclusive remortgage 2- and 5-year fixed rates will be reduced by up to 0.14%, starting from 4.04%, and will come with a free valuation for properties valued up to £3m and free basic legals for those valued up to £2m. Similarly, a number of exclusive purchase 2- and 5-year fixes will be reduced by up to 0.15%, starting from 4.09%. These products will come with a free valuation for properties valued up to £3m.

For borrowers looking for larger loans, selected large loan 2- and 5-year fixed rates will be reduced by up to 0.23%, and for landords BTL rates are reduced by up to 0.71%.
Professional products

The end dates will move to January of the relevant year.

The lender will also withdraw its exclusive remortgage 65% LTV 5-year fixed rate and its exclusive remortgage range will no longer come with £500 cashback. Additionally, the lender is increasing some rates on its professional range, with selected 5-year fixed rates increasing by up to 0.06%.