Clydesdale Bank raises selected residential mortgage rates

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Clydesdale Bank is increasing a number of residential fixed mortgage rates across its core, professional and broker exclusive ranges, with changes taking effect on Wednesday 4 February.

The lender has confirmed that several two-year fixed products within its core residential purchase and remortgage range will see pricing adjustments.

At 80% loan-to-value, two-year fixed rates for loans up to £500,000 and up to £1,000,000 will rise by 0.10%, with the same increase applying to loans over £1,000,000 and up to £2.5 million.

At 85% loan-to-value, two-year fixed rates for loans up to £500,000 and up to £1,000,000 will increase by 0.05%, while rates for loans over £1,000,000 and up to £2.5 million will rise by 0.10%.

Two-year fixed 85% loan-to-value products for capital and interest only loans below £1,000,000 will increase by up to 0.22%.

The bank is also increasing its two-year fixed fee offer at 90% loan-to-value for loans under £1,000,000, with rates rising by 0.13%.

Changes are also being applied to core residential product transfer rates. Two-year fixed 80% loan-to-value rates for loans over £1,000,000 and up to £2.5 million will increase by 0.10%, while capital and interest only loans below £1,000,000 at the same loan-to-value will rise by up to 0.22%.

At 85% loan-to-value, two-year fixed rates for loans over £1,000,000 and up to £2.5 million will increase by 0.10%, with capital and interest only loans below £1,000,000 rising by up to 0.22%. The two-year fixed fee offer at 90% loan-to-value for loans under £1,000,000 will also increase by 0.13%.

Within the professional residential range, two-year fixed rates at both 80% and 85% loan-to-value will rise by 0.19%.

Broker exclusive products are also affected, with two-year fixed 80% loan-to-value purchase and remortgage exclusives increasing by 0.22%.

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