Clydesdale Bank Rate Reductions & More

26th June 2018

Great news - we’ve reduced rates on a number of products and we’ve introduced some new products too.

Rate Reductions

The following rates have reduced, live now:

Product	Old rate	New rate
2 Year Fixed to 75% LTV (£1m+)	1.84%	1.64%
2 Year Fixed to 80% LTV (£1m+)	1.99%	1.69%
5 Year Fixed to 75% LTV (£1m+)	2.49%	2.29%
5 Year Fixed to 80% LTV (£1m+)	2.59%	2.39%

New Products

Also live now, we have introduced some new Remortgage Special products, available for Capital & Interest applications:

Product	Max loan	Rate
2 Year Fixed to 75% LTV (Remortgage Special)	£1m	1.54%
2 Year Fixed to 80% LTV (Remortgage Special)	£1m	1.59%
2 Year Fixed to 85% LTV (Remortgage Special)	£750k	1.69%
2 Year Fixed to 90% LTV (Remortgage Special)	£750k	1.99%

Arrangement fee £1,249 (reduced to £624 for Product Transfers).
Minimum loan size £80k.
Only available for mortgages on a full Capital & Interest basis.
Only available for remortgage or unencumbered properties.
Remortgage applications benefit from free standard legal fees and one free valuation*.

*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. Free valuations are available on properties worth £2m, or less. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package.

Product Transfers

Remember, these changes 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 without incurring an Early Repayment Charge.

If you have any questions, please contact your Relationship Manager.

Get in touch

For all lending policy and new business enquiries: