The largest reduction has been made to its two and five-year fixed rates for borrowers with a 10 per cent deposit or equity. Rates now start from 2.08 per cent for a two-year fixed product transfer with a £999 fee and 2.58 per cent for the five-year fixed option.
At 85 per cent LTV, two and five-year fixed rates have been cut by as much as 23 bps while 80 per cent LTV equivalents have seen reductions of up to 50 bps.
The bank’s buy-to-let products have been reduced by up to 60 bps.
Clydesdale has also opened up its newly-qualified professional range at 90 per cent LTV to more borrowers. The deals have a maximum loan size of £540,000 and the fee-paying options offer one standard free valuation.
Meanwhile, rates for new professionals at 85 to 90 per cent LTV have been cut by 51 bps.
