Clydesdale and Yorkshire Banks are withdrawing a selection of residential and buy-to-let mortgage products at 8pm on Tuesday 29 September.
The banks anticipate returning to a wider choice of products again by the end of October.
There is no change to the products available to existing customers and as of 30 September) the following Clydesdale and Yorkshire Bank ranges will still be available for new customers:
Intermediary Range:
- 2 & 5 year fixed rates at 75% and 80% LTV with £999 & £1499 fees
- £1m+ 2 & 5 year fixed rates at 75% and 80% LTV
- £1m+ 2 Year Offset Discounted OVR at 80% LTV
- Newly Qualified Professional 5 Year Fixed Rate at 85% LTV
- Buy-to-let £1m+ 2, 3 & 5 Year Fixed Rates
- Buy-to-let 5 Year Fixed Rate at 75% LTV with £1,999 fee
Direct Range
- 5 year fixed 75% LTV with £999 and £0 fees
- Buy-to-let 5 Year Fixed Rate up to 75% LTV
- Private Exclusive Interest Only 2 and 5 year fixed rates at 80% LTV
- Private Exclusive £1m+ 2 and 5 year fixed rates at 80% LTV
- Private Exclusive £1m+ 2 Year Offset Discounted OVR at 80% LTV
- Private Exclusive BTL 5 Year Fixed Rate up to 75% LTV
- Private Exclusive BTL £1m+ 2 Year Fixed Rate at 60% LTV
In a statement, the banks said: “We’ve temporarily reduced the range of mortgages we offer to new residential and buy to let customers. This will help us improve the service for customers and manage pipeline applications. We keep our products under constant review and we anticipate widening our mortgage range again by the end of October.”