Clydesdale Bank is set to make a series of rate reductions across selected mortgage deal, effective from tomorrow (Tuesday 2nd July).
For core residential products, fixed rates for 65% to 75% loan-to-value (LTV) products will see a reduction of up to 0.15%, with rates starting from 4.44%.
Additionally, 95% LTV fixed rates will be reduced by 0.20%, now starting from 5.34%.
The bank is also lowering rates for professional products, with selected Professional and Newly Qualified Professional fixed rates reduced by up to 0.38%.
In the exclusive products category, remortgage fixed rates will be reduced by up to 0.15%, with the new rates starting from 4.52%.
Purchase fixed rates will decrease by up to 0.18%, starting from 4.61%.
In addition, Clydesdale Bank increased the maximum loan size available on its exclusive purchase deals, with amounts now available up to £2.5m.
For large loan deals, residential large loan exclusives at 65% and 75% LTV will have their loan band widened, with availability ranging from £0.75m to £2.5m
In its buy-to-let (BTL) offering, 2-year and 5-year fixed rates will be reduced by up to 0.73%.
Additionally, fixed rate products with a £3,999 fee will now be available to new business customers.
