Clydesdale Bank is adding select exclusive buy-to-let (BTL) and residential purchase rates, and will lower select rates and withdraw some products.
Clydesdale Bank’s changes to the exclusive rates will come into force from 31 May.
Within its exclusive customer BTL range, the lender is adding a two-year fixed rate with a £1,999 fee at 5.6% for loans between £500,000 and £1m.
Clydesdale Bank is also bringing out a five-year fixed rate with a £1,999 fee at 5.2% for loans between £500,000 and £1m.
Two- and five-year fixed rates with a £499 fee, starting from 5.09%, have been introduced as well.
On the residential purchase exclusive side, Clydesdale Bank is adding a two-year fixed rate with a £1,499 fee at 80% loan to value (LTV) at 5.06%.
The firm is bringing out a five-year fixed rate at 80% LTV with a £1,499 fee at 4.78%.
In its existing customer residential and BTL ranges, Clydesdale Bank’s 65% and 75% LTV C&I fee and fee offer rates will be reduced by 0.1%.
Selected 60% and 75% LTV BTL fee-offer rates will be reduced by up to 0.3%, while selected BTL rates with a £1,999 fee will be cut by up to 0.16%.
Clydesdale Bank is also withdrawing its exclusive purchase two-year fixed rate at 75% LTV 5.02% and five-year fixed rate at the same LTV at 4.74%.
The lender last made changes to its range earlier in May.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
