Clydesdale Bank has cut rates on its residential and buy-to-let mortgage range by up to 13 basis points and launched new products.
The lender says its reductions for new borrowers include:
- Selected 80 to 90% loan-to-value fixed-rate deals have been reduced by up to 10bps
- 85 to 90% LTV professional and newly qualified professional fixed-rate loans have been reduced by up to 10bps
- Selected 65 to 75% LTV exclusive £1-2m fixed-rate offers have been reduced by up to 9bps
- Selected 65 to 80% LTV £1m-plus fixed-rate deal have been reduced by up to 9bps
- Selected BTL 60 to 75% LTV fixed-rate loans have been reduced by up to 13bps
The firm also introduces a 65% LTV two- and five-year fixed-rate offer for new lenders available for interest-only customers from 4.06%.
Its product transfer offers include:
- Selected 65 to 90% LTV fixed-rate offers have been reduced by up to 10bps
- 85 to 90% LTV professional and newly qualified professional fixed-rate loans have been reduced by up to 10%bps
- Selected 65 to 75% LTV exclusive £1-2m fixed-rate deals have been reduced by up to 9bps
- Selected 65 to 80% LTV £1m-plus fixed-rate offers have been reduced by up to 9bps
- Selected BTL 60 to 75% LTV fixed-rate loans have been reduced by up to 13bps
The firm also introduces 65% LTV two- and five-year fixed-rate offers for switchers, available for interest-only customers from 4.06%.
Virgin Money head of intermediary sales Richard Walker says: “We are pleased to launch a new range of interest-only products at 65% LTV for new and existing customers.
“This is an addition to a number of rate reductions made across our residential and BTL fixed rates.”