Clydesdale Bank is introducing a fresh set of large loan mortgage products while withdrawing some of its current range.
From Monday 8 September, the bank will launch new core residential products aimed at high-value borrowing. These include loans between £1m and £2.5m at 65–85% LTV, and loans above £2.5m up to 75% LTV.
The bank confirmed, however, that the maximum loan available at 85% LTV will remain capped at £1.5m.
In addition, Clydesdale is expanding its product transfer range, with new core residential rates at 65–80% LTV across all repayment types, including both fee-paying and fee-free options.
End dates on the new range will shift to December of the relevant year.
The lender is also cutting early repayment charges on its two-year products. From this week, borrowers will face a 2.5% penalty in the first year and 1.5% in the second year, a move designed to make its short-term options more flexible.
In advance of these changes, ;arge loan exclusives in the £750,000 to £2.5m range at 65–80% LTV have been removed, along with the current core range above £1m at 65–85% LTV.
