Clydesdale Bank unveils new products and cuts fees

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Clydesdale Bank has launched a series of new mortgage products.

The lender has also announced changes to fees for new applications.

The product changes are as follows:

Exclusive remortgage deals:

  • New 80% LTV 2 year fixed rates, available from 6.35%.
  • New 80% LTV 5 year fixed rates, available from 5.82%.

These deals are available for loan sizes between £200,000 and £1,500,000.

New and existing customer products:

  • New 95% LTV 5 year fixed rates are available for new customers. Existing product transfer rates at 95% LTV remain unchanged.

Meanwhile, the bank has made the following changes:

New and existing customer products:

  • 65-80% LTV 2 year fixed rates have been increased by up to 0.28%.
  • 65-80% LTV 5 year fixed rates have been increased by up to 0.30%.

Its Professional and Newly Qualified products have been available for loan sizes between £150,000 and £1,000,000.

In addition, Clydesdale Bank is reducing its fees for new applications submitted from Wednesday 26 July.

  • The funds transfer fee has been reduced from £40 to £25.
  • The mortgage exit fee has been reduced from £195 to £99.

For deals with no associated product fee including the Fee Offer fixed rate Residential, BTL and Professional range, the bank is also removing the funds transfer fee.

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