Clydesdale Bank to withdraw deals and up rates for new customers – Mortgage Strategy

Clydesdale Bank will be withdrawing deals and increasing rates for new customers, effective from 8pm today (23 February).

Those deals being withdrawn include the 75% loan-to-value (LTV) two-year fixed rate with a fee of £999 at 4.73% and the fee-free version with a rate of 5.09%.

The 75% LTV five-year fixed rate with a fee of £999 at 4.24% is also being withdrawn alongside the fee-free version with a rate of 4.49%.

Meanwhile, the lender is increasing rates by up to 0.09% for new customers on a select number of products.

These include the 85% LTV two-year fixed rate fee offer, which is going up by 0.04% to 5.33%.

The buy-to-let (BTL) 60% LTV two-year fixed with a fee of £999 will increase by 0.09% to 5.32% while the BTL 60% LTV with a fee of £1,999 will go up by 0.05% to 5.09%.

Clydesdale Bank has also applied the rate increases to product transfers.

The 90% LTV five-year fixed rate fee offer will increase by 0.04% to 4.98%.

Earlier this month, the lender reintroduced its five-year fixed newly qualified professional product at 95% LTV for new customers.