Clydesdale Bank has launched cuts to its residential mortgages in its core, professional and newly qualified professionals ranges by up to 28 basis points.

The lender says the reductions include selected 80% loan-to-value two and five-year fixed-rate deals that have been reduced by up to 0.08%.

Selected 85% LTV two and five-year fixed-rate offers, down by up to 0.28%.

Exclusive 90% LTV two and five-year fixed-rate loans, cut by up to 0.20%.

And professional and newly qualified Professional products at 85% to 90% LTVs, offered at two and five-year fixed-rates, reduced by up to 0.10%.

Last month, Clydesdale Bank, which also owns Virgin Money, said it would relaunch its broker service commitment, which means customers will receive an offer within 10 days of a fully packaged application being submitted.

The group said as part of the promise to advisers, if an offer isn’t made within the committed timescales, customers will receive £100.

It added the terms and conditions that apply to the agreement, are set out on the lenders’ intermediary websites.