Clydesdale Bank is launching a new suite of mortgage products for the intermediary market.
The new offset product range includes a tracker, lifetime and capped tracker as well as a buy to let range.
The residential professional offset lifetime tracker is available at 4.9 per cent, while the offset tracker is available until March 31 at 4.79 per cent. The offset lifetime tracker is available at 4.94 per cent while the residential offset capped tracker is capped at a rate of 4.99 per cent, also until March 31. The two year and five year fixed buy to let products are both available at 5.35 per cent while the offset buy to let lifetime tracker rate is 5.29 per cent.
All the term products revert to base rate tracker rates rather than standard variable ones. Customers are not obliged to arrange an offset mortgage for these rates and can have a standalone mortgage product without linked accounts instead. These products are available for purchase or remortgage.
Third party distribution general manager Dean Cutbill says: “Offering base rate tracking and the choice of either taking offset or not is an indication of the flexible, competitive long term good value our new product line-up promises our partners’ clients.”