Clydesdale Bank
| Use attributes for filter ! | |
| Customer service | 00 44 141 951 7320 |
|---|---|
| Parent organizations | CYBG plc |
| Headquarters | Glasgow |
| United Kingdom | |
| Ceo | David Duffy |
| Revenue | 1. 004 billion GBP (2015) |
| Subsidiaries | Yorkshire Bank |
| Date of Reg. | |
| Date of Upd. | |
| ID | 808552 |
About Clydesdale Bank
Clydesdale Bank plc is a commercial bank in Scotland. Formed in Glasgow in 1838, it is the smallest of the three Scottish banks. Independent until it was purchased by Midland Bank in 1920, it formed part of the National Australia Bank Group between 1987 and 2016.
Average two-year mortgage rate close to 6%
... First-time buyers hitOther lenders to make changes in the past 24 hours include Clydesdale Bank, which pulled a number of deals...
Nationwide latest lender to raise mortgage rates again
... Another lender, Clydesdale Bank, said it was withdrawing deals via brokers later on Thursday owing to high demand...
Stone blocks collapse onto road from bank building in Thurso
... Police Scotland said officers were called to the former Clydesdale Bank building on Traill Street at about 03:35...
King Charles: New coins featuring monarch's portrait unveiled
... In addition to these Bank of England banknotes, paper £20 and £50 notes issued by Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland will also be withdrawn on the same date...
Just 100 days left to spend paper £20 and £50 notes
... Paper £20 and £50 notes issued by Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland will also be withdrawn on the same date...
Key Post Office deal agreed for future of cash
... When the last Post Office banking agreement was signed in 2019, Barclays caused controversy by refusing to join - The 30 signatories to the new agreement are: Barclays, HSBC, Santander, NatWest, RBS, TSB, Halifax, Adam & Co, Allied Irish Bank, AIB, Bank of Ireland, Bank of Scotland, Cahoot, Cashplus Bank, Coutts, Co-op, Danske, First Direct, Handelsbanken, Metro, Nationwide, Smile, Starling Bank, Thinkmoney, Ulster, Virgin Money, Yorkshire Bank, Clydesdale Bank, CAF Bank and credit union Incuto...
Bank of mum and dad 'one of UK's biggest mortgage lenders'
... Clydesdale Bank, the UK s 10th largest mortgage lender lent £5bn last year...
Which banks do customers love or hate?
... Clydesdale Bank was bottom on the ranking of overdraft services...
Average two-year mortgage rate close to 6%
By Kevin PeacheyCost of living correspondent
The average interest rate on new two-year fixed mortgage is likely to breach 6% in The Coming days as lenders grapple with upheaval in the sector.
The typical rate rose to 5. 98% on Friday, according to financial information service Moneyfacts, as more mortgage providers increased the cost of their home loans.
They included two of the UK's biggest lenders, Nationwide and NatWest,
It was NatWest's second increase in a week, echoing a similar move by HSBC.
Brokers have described a Vicious Circle of lenders putting up rates at short-notice, then borrowers grabbing deals, leaving lenders inundated and having to pull or raise rates again.
" It is massively hard to navigate for everyone, especially clients, who need to make quick decisions in these circumstances, whilst brokers are working round The Clock to try to Lock In to these rates, " said Andrew Montlake of Coreco mortgage brokers.
The typical two-year fixed-rate mortgage had a rate of 5. 92% on Thursday, but jumped on Friday. This still leaves it short of The Peak of 6. 65% in October Last Year , following the mini-budget during Liz Truss 's premiership.
A typical five-year fixed rate is now at 5. 62% compared with Last Year 's peak of 6. 51%, according to Moneyfacts.
Rates have risen consistently and - at times - sharply in The Past few weeks, and commentators say there could be more increases to come. Much depends on official inflation data being published Next Wednesday .
Previous figures on wages and rising prices mean markets anticipate that inflation and interest rates will stay higher for longer in the UK than previously expected, which has been reflected in the funding cost of mortgages.
First-time buyers hitOther lenders to make changes in The Past 24 hours include Clydesdale Bank , which pulled A Number of deals. Coventry Building Society also said it would be re-pricing its deals on Tuesday next week.
On Friday, the rate for Skipton's new deposit-free mortgage aimed at first-time buyers went up from 5. 49% to 5. 89% for new customers.
The Track Record mortgage, with some fanfare, aimed at people who are renting.
" The increased rate reflects the recent changes within the mortgage market, we have re-priced The Product fairly to ensure it remains on The Market at a competitive rate, " said Charlotte Harrison , chief executive of home financing at Skipton Building Society.
" As a responsible lender, we need to be sensible with our approach to market with this product to ensure tenants don't take on More Than they can realistically afford. "
Many first-time buyers might find mortgages harder to access at higher rates, despite house prices falling.
What happens if I Miss A mortgage payment? Related TopicsSource of news: bbc.com
