Clydesdale Bank to cut rates and launch new purchase deals

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Clydesdale Bank is reducing selected rates and launching new customer products.

The new products will be available from Friday 29 September.

The details are as follows:

New customer Exclusives:

  • New Professional Purchase only 85% LTV 2 Year Fixed Rate will be launched at 6.10%.
  • New Professional Purchase only 85% LTV 5 Year Fixed Rate will be launched at 5.29%.

These deals are available for loan sizes between £150,000 and £1m.

Large loan deals:

  • 65% LTV 2 Year Fixed rate will be reduced by 0.35%, to 5.53%.
  • 65% LTV 5 Year Fixed Rate will be reduced by 0.20% to 5.19%.
  • 75% LTV 2 and 5 year fixed rates will be reduced by up to 0.05%.

These deals are available for loan sizes between £1m and £2m.

New and existing customer products:

  • Professional 2 year fixed rates will be reduced by up to 0.10%, starting from 6.09%.
  • Selected Professional 5 year fixed rates will be reduced by 0.05%, starting from 5.35%.
  • Newly Qualified Professional 2 year fixed rates will be reduced by up to 0.25%, starting from 6.14%.
  • Newly Qualified Professional 5 year fixed rates will be reduced by up to 0.25%, starting from 5.55%.
  • Selected 2 year fixed rates will be reduced by up to 0.25%.
  • Selected 5 year fixed rates will be reduced by up to 0.25%.

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