Clydesdale Bank announces important changes to its Fixed Rate Mortgage Products

We are pleased to announce that with effect from today, Thursday 25th August, we have withdrawn our fixed rate mortgage products, and replaced them with a more competitive range with immediate effect.

25th August 2011

The full revised product guide is now available on our website, and includes:

2 year fixed residential products

• 2 year fixed rate maximum 70% LTV with an initial rate of 2.69% (the overall cost for comparison is 4.3% APR)
• 2 year fixed rate maximum 75% LTV with an initial rate of 2.99% (the overall cost for comparison is 4.4% APR)
• 2 year fixed rate maximum 80% LTV with an initial rate of 3.69% (the overall cost for comparison is 4.5% APR)

5 year fixed residential products

• 5 year fixed rate maximum 70% LTV with an initial rate of 3.59% (the overall cost for comparison is 4.3% APR)
• 5 year fixed rate maximum 75% LTV with an initial rate of 4.09% (the overall cost for comparison is 4.5% APR)
• 5 year fixed rate maximum 80% LTV with an initial rate of 4.59% (the overall cost for comparison is 4.7% APR)

Fixed rate BTL products

• 2 year fixed BTL maximum 70% LTV with an initial rate of 3.99% (the overall cost for comparison is 5.0% APR)
• 5 year fixed BTL maximum 70% LTV with an initial rate of 4.89% (the overall cost for comparison is 5.1% APR)

We have also made reductions to:

• 2 year and 5 year fixed residential products, maximum LTV 85%
• 2 year fixed Professional FTB maximum 90% LTV
• 3 year fixed residential products

There are no changes to current discounted offset products.

For further information about our products, please contact your local Relationship Partner or alternatively please visit our Products pages.

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