For intermediary use only

We are making changes to our mortgage product range on Wednesday 21st December which include rate reductions, a fee reduction, rate increases, product withdrawals and changes to maximum loan sizes.

BTL Rate Reductions

  • 2 year fixed to 75% LTV reducing from 3.19% to 2.99%
  • 2 year fixed to 75% LTV fee offer reducing from 3.59% to 3.19%

Residential Rate Reductions

  • 2 year fixed to 90% LTV reducing from 2.29% to 2.19%
  • 2 year fixed to 90% LTV (>£500k) reducing from 2.79% to 2.69%
  • 5 year fixed to 85% LTV reducing from 2.49% to 2.39%
  • 5 year fixed to 90% LTV reducing from 2.99% to 2.89%
  • 5 year fixed to 90% LTV (>£500k) reducing from 3.39% to 3.29%
  • 2 year fixed to 80% LTV fee offer reducing from 1.99% to 1.89%
  • 2 year fixed to 85% LTV fee offer reducing from 2.09% to 1.99%
  • 5 year fixed to 75% LTV fee offer reducing from 2.39% to 2.29%
  • 5 year fixed to 80% LTV fee offer reducing from 2.49% to 2.39%
  • 5 year fixed to 85% LTV fee offer reducing from 2.69% to 2.59%
  • 5 year fixed to 90% LTV fee offer reducing from 3.29% to 3.19%
  • Professional 5 year fixed to 85% LTV reducing from 2.69% to 2.59%
  • Professional 5 year fixed to 90% LTV reducing from 3.19% to 3.09%
  • FTB 3 year fixed to 90% LTV reducing from 3.09% to 2.89%
  • FTB 3 year fixed to 95% LTV reducing from 4.09% to 3.99%

Residential Fee Reduction

The arrangement fee on our 2 year fixed to 80% LTV at 1.59% is reducing from £999 to £499 (for loans up to £499,999) and from £1,499 to £999 (for loans between £500,000 and £999,999).

Residential Rate Increases

  • 2 year fixed to 90% LTV fee offer increasing from 2.59% to 2.69%
  • Professional 2 year fixed to 90% LTV increasing from 2.49% to 2.59%
  • >£1m 2 year fixed to 75% LTV increasing from 1.79% to 1.89%
  • >£1m 2 year fixed to 80% LTV increasing from 1.89% to 1.99%
  • >£1m 5 year fixed to 75% LTV increasing from 2.29% to 2.39%
  • >£1m 5 year fixed to 80% LTV increasing from 2.39% to 2.49%

Residential Product Withdrawals

  • 2 year fixed to 60% LTV at 1.29%
  • 5 year fixed to 60% LTV at 1.99%
  • 5 year fixed to 60% LTV fee offer at 2.19%

Residential Increased Maximum Loan Size

The maximum loan size on the following products is increasing from £500k to £750k:

  • Professional 2 year fixed to 85% LTV at 1.99%
  • Professional 2 year fixed to 90% LTV at 2.59%
  • Professional 5 year fixed to 85% LTV at 2.59%
  • Professional 5 year fixed to 90% LTV at 3.09%

    There are no changes to any of our other products.

Product Transfers

Remember these changes (with the exception of the FTB products) also apply to any Product Transfer applications you would like to submit via our online form.

Existing customers benefit from a 50% reduction to arrangement fees and you can apply up to 6 months before your customer’s current deal ends. You can choose for your customer’s Product Transfer to take place up to 3 months before their current deal ends without incurring an Early Repayment Charge.

Applications on products being withdrawn or changed must be submitted no later than 5.00pm on Tuesday 20th December.
You may use the bank’s online application facility to submit cases.

For more information on our products or how we may be able to assist your clients, please contact your Relationship Manager.

www.clydesdalebankintermediaries.co.uk