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Clydesdale Bank extends Buy-to-Let range for brokers

6th February 2013 Print

Following the recent launch of its Low Start Mortgage, Clydesdale Bank has announced further new mortgage products available through the broker channel.

With effect from Monday (11th February), Clydesdale will add new fixed rate products to its existing Buy-to-Let (BTL) range.  The new products will offer 2 and 5 year terms for Loan-To-Values (LTV) of <60% and <75%.

Changes will also be made to the maximum LTV available for Interest Only BTL loans.  Bringing these in line with other Interest Only products, the maximum LTV will increase from 70% to 75%.

Fred Sharp, head of mortgage distribution at Clydesdale Bank, said: "We continue to add to and adapt our product range to meet the needs of customers and the broker market.  These new Buy-to-Let products increase the choice available, plus demonstrate our commitment to lend and our support for the intermediary channel."