Clydesdale Bank introduces new 60% LTV buy-to-let fixes

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Clydesdale Bank is launching new buy-to-let fixed rates on Thursday 3 August.

It is also making changes to its existing range, as follows:

Exclusive purchase deals:

  • 90% LTV 2 Year Fixed Rate will be reduced by 0.30% to 6.20%.
  • 90% LTV 5 Year Fixed Rate will be reduced by 0.10% to 5.75%.

These deals will be available for loan sizes between £300,000 and £600,000.

New and existing customer products:

  • New buy-to-let 60% LTV 2 Year Fixed Rate with a £1,999 fee will be launched at 6.72%.
  • New buy-to-let 60% LTV 5 Year Fixed Rate with a £2,999 fee will be launched at 6.32%.
  • Selected 80% LTV 2 year fixed rates will be reduced by up to 0.10%.

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

The lender has also made the following changes:

New and existing customer products:

  • 2 Year Offset Discount Variable rates will be increased by 0.50%, starting from 5.74%.
  • BTL 75% LTV 2 & 5 Year Fixed Rate Fee Offer products have been withdrawn.
  • BTL 60% LTV 2 Year Fixed Rate with £999 fee have been withdrawn.

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