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Clydesdale Bank has launched a range of new products, including 90% interest rate mortgages, as well as cuts in fixed rates on a number of other products.
New client products include flat rate offers of 90% LTV from 4.79% and an exclusive two-year remortgage deal at a fixed rate of 4.74% at 80% LTV. The latter has a £1,499 commission and includes £1,000 cashback plus a free evaluation.
Rates have been cut on a range of new consumer products, including professional and new qualified mortgages, which have been reduced to 60 basis points and are now available from 4.39% at an LTV of 85-95%.
Buy-to-lease fixed rates have been reduced by 50 basis points at LTVs of 60-70% and are now available from 4.6%.
Other discounts have been applied to the transfer of individual products.
Virgin Money head of intermediary sales Richard Walker said: “We have expanded our exclusive product range by launching a two-year fixed remortgage product with 80% LTV. This includes £1,000 cashback and a free evaluation. This and our current five-year flat rate product gives clients the option to choose their own lawyers and receive a guaranteed interest rate for a shorter term.
“We have also re-introduced our 90% discount on LTV fees to help those customers with a smaller deposit, along with reducing much of our existing product range.”
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