More News
More News
Residential mortgages Buy-to-let mortgages Large mortgage loans Interest-only mortgages Professional mortgages Self-employed mortgages Private banks First-time buyers Remortgages Offset mortgages Bonus income mortgages Best buy mortgage rates Foreign income mortgage Equity release mortgages Older borrowers Large buy-to-let mortgages Bridging finance Life insurance and income protection policies Contractor mortgages Ex-pat mortgages Commercial mortgages Market-Matters Market Matters Archive Best-Buys Help to Buy Large loan remortgages Holiday let mortgages Help to Buy mortgage scheme Contractor mortgages Life assurance and protection Show all Show less

Clydesdale Bank lowers £1 million+ buy-to-let mortgage rate

Aaron Strutt Image

Clydesdale Bank has lowered the price of its larger loan buy-to-let mortgage by 0.7%.

In a move to attract more landlords the lender reduced the two-year fixed rated from 2.49% to 1.79%.

The mortgage is available for properties in London and south-east and unusually it must be taken on full capital repayment.

The 1.79% rate and it is fixed until 31 March 2022. Once the deal expires, it reverts to the lender’s 5.60% standard variable rate. The overall cost for comparison is 5% APRC representative.  

The minimum loan size is £1 million, and the maximum loan size is £1.5 million. The arrangement fee is £2,999.

Aaron Strutt, product director at Trinity Financial, says: “Clydesdale is one of the most generous lenders for wealthier borrowers looking for larger buy-to-let loans because it uses the applicant’s income to calculate the maximum loan size.

“More of the lenders are offering large buy-to-let mortgages and some of them provide cheaper rates and arrangement fees. They also offer interest-only mortgages.”

Call Trinity Financial on 020 7016 0790 to secure a buy-to-let mortgage

Trinity Financial has access to NatWest for Intermediaries 1.35% two-year fixed rate buy-to-let mortgage. The maximum loan size for property purchase is £2 million. 

If you are remortgaging a property the rate increases to 1.60% but the maximum loan size increases to £10 million. This is not the most competitively priced buy-to-let rate but is still fantastically cheap.

Both products have a £995 arrangement fee and they are available on capital repayment or interest-only. After the fixed rates the mortgages revert to the lenders 4.74% standard variable rate unless you remortgage to another deal. 

The 1.35% rate has an APRC of 4.2% and the 1.60% rate has an APRC of 4.3%.



As seen in
sunday times telegraph financial times bbc news the express the times
Get Started

Get started today

Speak to one of our mortgage experts. Either book an appointment to come and see us, or request one of our experts to call you.

Book a Consultation Talk to an Expert