Clydesdale Bank announces rate rises

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Clydesdale Bank has announced it will increase rates on its core and professional and newly qualified professional product ranges, effective from 8pm on 13 July. 

The bank’s five-year fix at 65% loan-to-value (LTV) with a £1,999 product fee will rise by 0.10% to 3.55%. 

The five-year fix at 75% LTV with a product fee of £999 will go up by 0.05% to 3.39%

Meanwhile, the buy-to-let (BTL) five-year fix at 75% LTV with a product fee of £1,999 fee will increase by 0.08% to 3.42%.

Professional and newly qualified professional rates will also go up by 0.10%.

Clydesdale Bank says the new rates will show on all sourcing systems and its online application system from 14 July.

Earlier this month, the bank opened porting, product transfer with additional borrowing and further advances to mortgage brokers.

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