Clydesdale Bank has reintroduced its five-year fixed newly qualified professional product at 95% loan-to-value (LTV) for new customers.

The lender has also reduced multiple rates across the range for new customers and product transfers.

For new customers, the professional newly qualified professional 85% to 90% LTV fixed rates have been lowered by 0.10% and now start from 4.59%.

Selected 75% to 90% LTV fixed rates have been cut by up to 0.20%, starting from 4.24%.

The £1m plus 65% to 85% LTV fixed rates have been reduced by up to 0.24%, now from 4.37%, while the buy-to-let five-year fixed 75% LTV fee offer fixed has been reduced by 0.36% to 5.34%.

For product transfers, the bank has lowered the newly qualified professional five-year fixed 95% LTV by 0.30% to 5.89%.

It has also cut selected 65% to 90% LTV fixed rates with a £499 fee by up to 0.20% to start from 4.12%.

Selected 65% to 90% LTV fixed rate fee-savers have been reduced by up to 0.16%, to start from 4.23%, while exclusive £1m to £2m up to 75% LTV fixed rates with £999 fee have been reduced by up to 0.18% and now start from 4.24%.

Clydesdale Bank head of intermediary sales Richard Walker says: “We have made rate reductions across most of the Clydesdale Bank range and have also reintroduced a 95% LTV mortgage deal for Newly Qualified Professionals looking to purchase a property.”

“We’ve reduced all larger loan Exclusives at £1m+ too. For customers requiring a larger loan, our dedicated underwriting team is on hand to help with these or to discuss an application which doesn’t meet our standard lending criteria.”