Clydesdale Bank has increased a selection of its buy-to-let mortgage rates.
The lender’s 75% loan-to-value (LTV) two-year fix is now available at 2.59%, up from 2.49%.
Meanwhile, Clydesdale’s 75% five-year fixed rate product is now available from 2.59%, having increased from 2.69%.
The lender has focussed far more on the BTL and residential sectors this year after withdrawing from the bridging loans market at the end of 2019.
Following an eight-month pilot phase with a small number of broker partners, which focussed on light refurbishment bridging options, the lender opted against continuing to offer bridging loans.
A spokesperson for Clydesdale Bank commented: “We can confirm we will not be extending our bridging loan pilot.
“We will continue to focus on our core propositions across the residential and buy-to-let market.”
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment