Clydesdale Bank New Products and Rate Reductions

13th June 2017

LIVE NOW: New residential remortgage specials, BTL purchase special and rate reductions.

2 year fixed to 90% LTV (>£500k) - Remortgage Special with a rate of 2.39%

5 year fixed to 90% LTV (>£500k) - Remortgage Special with a rate of 2.89%

BTL 2 year fixed to 75% LTV (fee offer) - Purchase Special with a rate of 2.69%

BTL 5 year fixed to 60% LTV (fee offer) with a rate of 2.99%

Our residential remortgage specials, which are available for remortgage or unencumbered are available for loans of £500k-£750k, have a £1,499 arrangement fee and benefit from our switching package.*

Our BTL purchase special (for purchase applications only) is available for loans of £80k-£500k, has no arrangement fee and benefits from one free mortgage vaulation.*

Our purchase special and remortgage specials are available for a limited time only.

And there's more. We've also reduced a number of rates across our residential and BTL mortgage range by up to 0.70% - these rates are all live now.

Residential Rate Reductions

• 2 year fixed to 90% LTV reducing from 2.19% to 2.09%
• 2 year fixed to 90% LTV (>£500k) reducing from 2.69% to 2.59%
• 2 year fixed to 90% LTV (fee offer) reducing from 2.69% to 2.59%
• 5 year fixed to 90% LTV (fee offer) reducing from 3.19% to 3.09%
• 5 year fixed to 90% LTV reducing from 2.89% to 2.79%
• 5 year fixed to 90% LTV (>£500k) reducing from 3.29% to 3.19%

BTL Rate Reductions

• 5 year fixed to 75% LTV reducing from 3.69% to 3.09%
• 5 year fixed to 75% LTV (fee offer) reducing from 4.29% to 3.59%
• 5 year fixed to 60% LTV reducing from 3.29% to 2.89%

Product Transfers

Remember, these changes (with the exception of the BTL purchase special product) also apply to any Product Transfer applications you would like to submit via our online form. Existing customers benefit from a 50% reduction to arrangement fees and you can apply up to 6 months before your customer's current deal ends. You can choose for your customer's Product Transfer to take place up to 3 months before their current deal ends wthout incurring an Early Repayment Charge. You may use the bank's online application facility to submit cases.

For more information on our products or how we may be able to assist your clients, please contact your Relationship Manager.

*Free valuations are available on properties worth £2m, or less. Please note that the switching package is only available to applicants moving their mortgage from another lender. If the property to be mortgaged is unencumbered then a free standard valuation is available. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package.