Clydesdale Bank has announced a series of rate reductions across its residential mortgage products, with changes set to take effect on Tuesday, 18 March.
The adjustments include lower rates on exclusive, professional, and discount offset mortgage products, aimed at improving affordability for homebuyers and remortgagers.
KEY RATE REDUCTIONS
Exclusive mortgage products
- Residential Remortgage Exclusives (75% and 80% LTV): Reduced by up to 0.25%
- Residential Purchase Exclusives (2- and 5-year fixed): Reduced by up to 0.36%
- Residential Large Loan Exclusives (2- and 5-year fixed): Reduced by up to 0.31%
Professional mortgage products
- 90% LTV Residential Professional Mortgages (2- and 5-year fixed): Reduced by 0.10%
- Newly Qualified Professional Mortgages (2- and 5-year fixed): Reduced by up to 0.35%
Simplified Discount Offset range
From 8pm on Monday, 17 March, Clydesdale Bank will streamline its Discount Offset mortgage range, introducing the following:
- Loans up to £1 million: 80% LTV 2-Year Discount Offset at 5.79% with a £999 fee
- Loans above £1 million: 80% LTV 2-Year Discount Offset at 6.09% with a £1,999 fee
Additionally, end dates for the affected products will now move to 30 June of the relevant year.
