Clydesdale Bank will cut selected residential and landlord rates by up to 73 basis points, while Accord will reduce buy-to-let deals by up to 40bps tomorrow (2 July).  

Clydesdale’s reductions include:  

BTL products  

Two-year and five-year fixed rates will be reduced by up to 73bps  
Fixed-rate £3,999 fee products will be made available to new business customers  

Core residential  

Selected 65% to 75% loan to value fixes will be reduced by up to 15bps, starting from 4.44%  
95% LTV fixes will be reduced by 20bps, starting from 5.34%  

Professional products  

Selected professional and newly qualified professional fixes will be reduced by up to 38bps  

Exclusive products  

Remortgage fixes will be reduced by up to 15bps, now starting from 4.52%.  
Purchase fixes will be reduced by up to 18bps, starting from 4.61%.  
Loan sizes for exclusive purchase deals will be available up to £2.5m  

Large loan deals  

Residential large loan exclusives at 65% LTV and 75% LTV will have their loan band widened and will be available from £750,000 to £2.5m  

The bank’s end dates will move to October of the relevant year.  

Meanwhile, Accord will also cut BTL new business rates.  

The lender’s reductions cover:  

Two-year fixes will be cut by between 5bps to 40bps — except 80% LTV products  
Three-year fixes will be cut by between 10bps to 20bps — except 80% LTV products  
Two-year tracker rates will be cut by 5bps — except 80% LTV products  

End dates will be extended to the end of October 

The post Clydesdale Bank cuts rates by up to 73bps, Accord by 40bps   appeared first on Mortgage Strategy.

​