Clydesdale and Yorkshire cuts fixed rates across range of deals

Clydesdale and Yorkshire Banks last week cut rates on a selection of two, three and five-year fixed rates by up to 0.2 per cent.

A two-year deal available up to 60 per cent LTV has been cut from 2.59 per cent to 2.49 per cent while a deal available up to 70 per cent LTV has been cut from 2.89 per cent to 2.69 per cent.

Up to 60 per cent LTV, a three-year deal has been cut from 2.89 per cent to 2.79 per cent while a three-yea deal up to 70 per cent LTV has been cut from 3.19 per cent to 2.99 per cent.

A five-year available up to 60 per cent LTV has been cut from 3.19 per cent to 2.99 per cent while a deal available up to 70 per cent LTV has been cut from 3.49 per cent to 3.29 per cent.

Additionally, the lender is scrapping the £999 arrangement fee for new customers who move their mortgage and who open an account with the banks while customers moving their mortgage to the lender will have a £500 fee discount.

Clydesdale and Yorkshire Banks retail director Andrew Pearce says: “We remain focused on offering a range of competitive products that meet the differing needs of our customers.”