Clydesdale Bank has launched a range of new 3 year fixed rate mortgage products, available exclusively through mortgage brokers.
Rates start at 3.19 per cent for loans under 70 per cent of the property value, rising to 5.29 per cent for those customers with only a 15 per cent deposit. Fees for all deals are £999 on mortgages up to £500,000.
John Tooth, head of B2B mortgage distribution and strategy at Clydesdale Bank, said:
“Brokers have been telling us that there is a desire for a three year product from applicants who want a longer fixed term but do not want to commit to a five year rate.
These new products are in response to that feedback and continue our line of introducing products that there is demand for in the intermediary market.”
