Clydesdale Bank has announced cuts to a range of fixed-rate mortgages, potentially saving homebuyers and those remortgaging thousands of pounds.

The bank has reduced rates across its residential, buy-to-let, and exclusive product ranges. Here’s what you need to know:

Cheaper Deals for Homebuyers and Remortgagers

If you’re looking to buy a home or remortgage your existing property, Clydesdale’s core residential range now offers two and five-year fixed-rate mortgages starting at a competitive 4.11%. This represents a significant drop of up to 0.30%.

Landlords Also Benefit from Rate Cuts

Clydesdale hasn’t forgotten about landlords. Buy-to-let mortgages for those with a 75% loan-to-value will also see reductions. Two and five-year fixes in this category now start from 4.90%, again down by up to 0.30%.

Exclusive Deals Get Even Better

Those looking for exclusive deals are also in luck. Clydesdale has trimmed rates across its exclusive remortgage, purchase, and large loan products.

Here’s a breakdown of the reductions:

• Exclusive Remortgages: Two and five-year fixes now start from 4.37%, with a reduction of up to 0.12%.
• Exclusive Purchases: Bag a two or five-year fixed-rate mortgage at 80% LTV, with rates starting from just 4.44% (down by up to 0.12%).
• Exclusive Large Loans: Looking for a larger loan? Selected two and five-year fixed rates have been reduced by up to 0.15%, and now start from 4.42%.

New Products for Professionals

In a further move to attract borrowers, Clydesdale has introduced new mortgages specifically for professionals. These include two and five-year fixed rate options at both 65% and 80% LTV, with rates starting from 4.42%.

Additionally, the bank has cut rates on its existing 75% LTV two and five-year fixed-rate professional mortgages by up to 0.14%. These rates now also start at a competitive 4.42%.