Clydesdale Bank announces important changes to its Mortgage products

We are delighted to announce a new product added to our Fixed Rate range, available from Friday 17th August 2012.

17th August 2012

New Product Launch

• 2 year Fixed Rate maximum 60% LTV with an initial rate of 2.99% (the overall cost for comparison is 4.7% APR)

In addition to this new product, we have made a number of changes to our existing Fixed Rate product range.

Products withdrawn with effect from 5pm, 16th August 2012:

• 2 year Fixed Rate maximum 70% LTV with an initial rate of 3.39%
• 2 year Fixed Rate maximum 75% LTV with an initial rate of 3.69%
• 2 year Fixed Rate maximum 80% LTV with an initial rate of 3.99%
• 3 year Fixed Rate maximum 70% LTV with an initial rate of 3.69%
• 3 year Fixed Rate maximum 75% LTV with an initial rate of 3.89%
• 5 year Fixed Rate maximum 70% LTV with an initial rate of 3.99%

We are pleased to announce that these will be replaced with significantly reduced rates.

From the 17th August 2012, the following products will be available:

• 2 year Fixed Rate maximum 70% LTV with an initial rate of 3.19% (the overall cost for comparison is 4.7% APR)
• 2 year Fixed Rate maximum 75% LTV with an initial rate of 3.49% (the overall cost for comparison is 4.8% APR)
• 2 year Fixed Rate maximum 80% LTV with an initial rate of 3.79% (the overall cost for comparison is 4.9% APR)
• 3 year Fixed Rate maximum 70% LTV with an initial rate of 3.29% (the overall cost for comparison is 4.6% APR)
• 3 year Fixed Rate maximum 75% LTV with an initial rate of 3.69% (the overall cost for comparison is 4.7% APR)
• 5 year Fixed Rate maximum 70% LTV with an initial rate of 3.59% (the overall cost for comparison is 4.5% APR)

All other products are unchanged.

To help you manage any applications in progress, we will accept applications for the withdrawn products until 5pm on Friday 17th August 2012.

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

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