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Clydesdale increases BTL mortgage rates

Clydesdale Bank has increased a selection of its buy-to-let mortgage rates.

The lender’s 75% loan-to-value (LTV)  two-year fix is now available at 2.59%, up from 2.49%. 

Meanwhile, Clydesdale’s 75% five-year fixed rate product is now available from 2.59%, having increased from 2.69%. 

The lender has focussed far more on the BTL and residential sectors this year after withdrawing from the bridging loans market at the end of 2019. 

Following an eight-month pilot phase with a small number of broker partners, which focussed on light refurbishment bridging options, the lender opted against continuing to offer bridging loans. 

A spokesperson for Clydesdale Bank commented: “We can confirm we will not be extending our bridging loan pilot.

“We will continue to focus on our core propositions across the residential and buy-to-let market.”

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