Clydesdale unveils clutch of London and South East deals

Clydesdale Bank Intermediaries is today raising its maximum buy-to-let LTV to 75 per cent on loans of up to £1.5m in London and the South East.

The previous cap was 60 per cent for buy-to-let loans of more than £1m.

The lender has also raised its maximum LTV on buy-to-let mortgages between £750,001 to £1m from 70 to 75 per cent.

Clydesdale has today also launched three new residential mortgages in the region.

The firm has launched a two-, three- and five-year fixed rate loan, each with an LTV of 75 per cent for mortgages of £1m to £1.5m.

The two-year option has a 2.69 per cent rate, the three-year a 2.99 per cent rate and the five-year a price of 3.09 per cent.

The products have a £2,999 arrangement fee and are available for purchase and remortgage.

Clydesdale Bank Intermediaries head of mortgage distribution Fred Sharp says: “The LTV changes are a direct result of feedback received from our brokers. We’ve really focussed on improving both our large loan and BTL propositions this year.

“We’re confident the changes will deliver our customers real value.”

More news and analysis on London house price news. 



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