BTL rates cut at Clydesdale

Clydesdale Bank has announced that it has cut rates across its residential and buy-to-let products.

Related topics:  Finance
Warren Lewis
28th September 2018
To Let 690

According to the lender, residential two-year fixed rates at 90% LTV are now available from 1.89% and from 2.29% for mortgages over £500,000.

The Bank has also cut rates on its new Professional range - for those who have become fully qualified within the last five years and have an income of over £40,000 - by 0.20%. At 90% LTV, two-year fixed rates are now available at 2.09% and five-year fixes start from 2.59%.

For buy-to-let products, three-year fixed rates at 60% LTV have been cut by 20bps to 2.39% and a five-year fixed rate at 75% is on offer at 2.89%.

Clydesdale also has a range of buy-to-let products exclusively available for properties in London & South East over £1m, which has seen rate cuts of 0.20%. Two-year fixed rates start at 2.29% to 60% LTV and 2.49% to 75% LTV. A three-year fixed rate at 75% LTV has been cut to 2.79% and a five-year fix has been reduced to 2.89%.

Fred Sharp, head of mortgage distribution at Clydesdale Bank, said: “Our Newly Qualified Professional product range has generated a great amount of interest since its launch in July and I’m especially pleased we are able to offer such competitive rates on these products, allowing us to help even more customers.”

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