Clydesdale ups buy-to-let LTV to 80%

Friday 27th January 2012

Clydesdale Bank has become the latest lender to improve its buy-to-let criteria and has upped its loan to value on buy-to-let products from 75% to 80%.

The bank is today launching a two-year fix at 4.49% and a five-year fix at 5.39%.

Both come with a £1,999 arrangement fee and are available for loans up to £500,000.

Meanwhile, NatWest Intermediary Solutions is today reducing the rates on a number of its fixed rate mortgages, including its 90% LTV products, and is also cutting the rates on its 60% buy-to-let mortgages.

For example, in the core range, the rate on the five year fixed rate 90% LTV purchase mortgage goes down by 0.24%, to 6.09%. On the 60% buy-to-let range, the rate on the two year fixed rate product reduces from 3.99% to 3.79%.