Clydesdale Bank has recently announced a reduction in rates for both landlord and residential mortgages. This is great news for those looking to purchase a property or refinance an existing mortgage.
The bank has reduced rates on both its two-year fixed rate and five-year fixed rate mortgages. The two-year fixed rate mortgage now stands at 2.24%, down from 2.49%, while the five-year fixed rate mortgage has been reduced to 2.59%, down from 2.89%. This means that customers can save hundreds of pounds over the course of their mortgage.
The bank has also reduced rates on its buy-to-let mortgages. The two-year fixed rate buy-to-let mortgage now stands at 2.59%, down from 2.79%, while the five-year fixed rate buy-to-let mortgage has been reduced to 2.99%, down from 3.19%. This is great news for landlords looking to purchase or refinance a property.
Clydesdale Bank is committed to providing customers with competitive rates and products that meet their needs. The bank has also launched a range of new products, including a range of flexible mortgages, which allow customers to make overpayments and underpayments, as well as take payment holidays.
For those looking to purchase a property or refinance an existing mortgage, Clydesdale Bank’s reduced rates are a great option. With competitive rates and a range of products, the bank is an excellent choice for those looking for a mortgage.