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Clydesdale Bank refreshes buy-to-let range

Clydesdale Bank has launched two new buy-to-let deals and cut rates on existing products by up to 0.2%.

The two new BTL mortgages are both available on five-year fixed rate terms to investors looking to borrow up to 60% loan-to-value (LTV).

Borrowers are being offered a mortgage at 2.59%, subject to an arrangement fee of £1,999. Alternatively, there is a zero fee product available at a borrowing rate of 2.79%.

Fred Sharp, head of mortgage distribution, said: “We’re delighted to announce these positive changes across such a broad range of products.

“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.”

As far as its existing buy-to-let range is concerned, changes include the 60% LTV three-year fixed rate deal, which has been reduced from 2.59% to 2.39% and commands a fee of £1,999.

Meanwhile, the £1m-plus London and South East exclusive 75% five-year fixed rate product has been reduced from 3.09% to 2.89%, subject to an arrangement fee of £2,999.

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