Clydesdale will implement the changes to fixed rates from today.
For new and existing customers, selected two and five-year fixed rates have been reduced by up to 0.72 per cent.
Selected two and five-year interest-only fixed rates have fallen by around 0.37 per cent.
Within its exclusive large loan deals, selected two and five-year fixed rates have decreased by up to 0.72 per cent. These deals are available for loan sizes between £1m and £2m.
For exclusive purchase and remortgage deals, selected purchase two and five-year fixed rates have gone down by up to 0.30 per cent and start from 4.14 per cent.
Clydesdale has reduced selected remortgage two and five-year fixed rates by up to 0.62 per cent and pricing begin from 4.19 per cent.
Within its professional range, selected professional and newly qualified professional fixed rates have fallen by up to 0.41 per cent with rates beginning from 4.49 per cent.
Coventry BS lowers fixed rates
Coventry Building Society has lowered the majority of its fixed rates, with rates falling by u to 0.37 per cent.
Rates at 90 to 95 per cent loan to value (LTV) have been cut to help first-time buyers and select deals offer £500 cashback.
Highlights include a five-year fixed rate at 90 per cent LTV with no fee is priced at 4.64 per cent. It is available for first-time buyers.
Its two-year fixed rate 75 per cent LTV with £999 fee is priced at 4.42 per cent. It is available for residential remortgage with an option of £350 cashback or remortgage transfer service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Providing value to customers is a top priority for us, so we’re keeping a close eye on the market to pass on rate reductions wherever we can.
“Fixed rates remain popular, so we’ve reduced all of our standard two, three and five-year deals to give brokers the options they need to help their clients.”
