Clydesdale Bank has launched a series of new products, including 90% loan-to-value mortgages, as well as reducing fixed-rates on a raft of other products.

The new customer products include 90% LTV fixed-rate fee offers from 4.79% and an exclusive two-year 4.74% fixed-rate remortgage deal at 80% LTV. The latter has a £1,499 fee and comes with £1,000 cashback plus a free valuation.

Rates have been reduced across a variety of products for new customers, including mortgages for professional and newly qualified professionals which have been cut by up to 60 basis points and are now available from 4.39%, at 85-95% LTV.

Buy-to-let fixed rates have been reduced by up to 50 basis points at 60-70% LTV and are now available from 4.6%.

Other reductions have been applied to selected product transfers.

Virgin Money head of intermediary sales Richard Walker said: “We have expanded our exclusive product range with the launch of a two-year fixed remortgage 80% LTV product. This comes with £1,000 cashback plus a free valuation. This and our current five-year fixed rate product gives customers the option to choose their own solicitors, and having security of rate over the shorter term.

“We’ve also reintroduced our 90% LTV fee saver rates to help those customers with a smaller deposit, alongside making reductions to the majority of our existing product range.”