Clydesdale Bank has launched a range of three-year fixed rate mortgages starting from 3.19 per cent.
The range includes a 70 per cent loan-to-value product at 3.19 per cent, a 75 per cent LTV product at 3.59 per cent, an 80 per cent LTV at 4.29 per cent and an 85 per cent LTV product at 5.29 per cent. All of the products have a fee of £999.
Head of business-to-business mortgage distribution and strategy John Tooth says: “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.”