Clydesdale launches ‘best ever’ fixed rate mortgages

The mortgage also has a LTV of 85 per cent and is one of several new products unveiled by the banks.

The range also includes two competitive First Time Buyer mortgages both fixed for three years which come with £250 cashback.

There are also a number of competitive re-mortgage rates fixed for two and five years:

First Time Buyers Mortgages

Product

New Lower Rate

£250 Cashback

First Time Buyer three year fixed <90%

2.89%

Yes

First Time Buyer three year fixed <95%

3.99%

Yes

Standard Fee Mortgages

Product

New Lower Rate

Arrangement Fee

Five year residential fixed <85%

2.44%

£1499

Five year residential fixed <90%

3.19%

£999

Two year residential fixed <90%

2.19%

£999

No Arrangement Fee Mortgages

Product

New Lower Rate

Arrangement Fee

Two year remortgage fixed ,60%

1.89%

No

Two year remortgage fixed <75%

1.99%

No

Two year remortgage fixed <80%

2.29%

No

Five year remortgage fixed <60%

2.49%

No

Five year remortgage fixed <75%

2.59%

No

Five year remortgage fixed <80%

2.79%

No

Helen Page, propositions and marketing director, said: “Not only do these new rates provide customers with certainty of knowing exactly what your mortgage will cost each month, many come with no arrangement fee.

“In addition our mortgage advisers have same day appointments available so there’s no need to hang about to get the best deal on the market.”

Clydesdale, along with sister brand Yorkshire Bank, have also introduced a ‘recommend a friend’ offer for Clydesdale and Yorkshire bank current account or mortgage customers. Both the existing and the new customer earn £100 worth of shopping vouchers when the new customer draws down their mortgage.