Clydesdale Bank announces important changes to its Mortgage products

We have made a number of changes to our intermediary product range.

26th January 2012

New Product Launch

We are delighted to announce two new capital and interest, Buy to Let products, with a maximum 80% LTV, which will be available from Friday 27th January. The details are:

• Buy to Let 2 year Fixed Rate maximum 80% LTV with an initial rate of 4.49% (the overall cost for comparison is 5.1% APR)
• Buy to Let 5 year Fixed Rate maximum 80% LTV with an initial rate of 5.4% (the overall cost for comparison is 5.4% APR)

In addition to these new products, we have made a number of changes to our existing product range.

Products withdrawn with effect from 5pm, 26th January 2012:

• 2 year Fixed Rate maximum 70% LTV with an initial rate of 2.89%
• 2 year Fixed Rate maximum 75% LTV with an initial rate of 3.09%
• 3 year Fixed Rate maximum 70% LTV with an initial rate of 3.09%
• 3 year Fixed Rate maximum 75% LTV with an initial rate of 3.29%
• 2 year offset discount maximum 60% LTV with an initial rate of 2.69%
• 2 year offset discount maximum 75% LTV with an initial rate of 2.89%

From the 27th January, 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 4.4% APR)
• 2 year Fixed Rate maximum 75% LTV with an initial rate of 3.29% (the overall cost for comparison is 4.5% APR)
• 3 year Fixed Rate maximum 70% LTV with an initial rate of 3.29% (the overall cost for comparison is 4.4% APR)
• 3 year Fixed Rate maximum 75% LTV with an initial rate of 3.49% (the overall cost for comparison is 4.4% APR)
• 2 year offset discount maximum 60% LTV with an initial rate of 2.89% (the overall cost for comparison is 4.4% APR)
• 2 year offset discount maximum 75% LTV with an initial rate of 3.19% (the overall cost for comparison is 4.4% APR)

All other products are unchanged.

To help you manage any applications in progress, we will accept applications for the withdrawn products until 5.00pm on Wednesday 1st February.

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

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