Clydesdale and Yorkshire Bank launch new product range

Clydesdale and Yorkshire Banks have today launched a new mortgage range including products for first-time buyers.

A three-year fixed rate available up to 90 per cent LTV is priced at 3.99 per cent while a 95 per cent LTV option is offered at 4.99 per cent.

A selection of fee-free products has been included in the new range. A two-year mortgage fixed up to 60 per cent LTV is priced at 2.69 per cent, while the five-year option is offered at 3.59 per cent.

The two-year fixed rate to 90 per cent LTV carries a rate of 4.29 per cent – the five-year is set at 4.59 per cent.

All of the above mortgages are attached to a £500 cash back offer.

Standard fee deals launched with the new range include a two-year fixed rate, available up to 60 per cent LTV offered at 2.19 per cent. A 90 per cent LTV deal is available at 3.89 per cent.

A five-year fixed to 70 per cent LTV is set at 3.39 per cent while the 90 per cent five-year option is offered at 4.29 per cent.

These deals all carry a £999 arrangement fee.

Clydesdale and Yorkshire Banks retail director Andrew Pearce says: “We understand that people have different needs so we have extended our range of mortgages to meet these varied demands.

“We have fixed rate mortgage two and five years as well as a number of products with no fee. There is also the opportunity to benefit from a £500 cashback on selected products depending on individual requirements and circumstances.”