Clydesdale Bank is increasing prices on its residential fixed rates.

Across its core residential purchase and remortgage rates, the bank will increase its two-year fixed rates at 85% loan-to-value (LTV) for capital and interest only loans less than £1m by up to 0.22% and two-year fixed fee offer at 90% LTV rate for loans less than £1m will go up by 0.13%.

In addition, it will lift its two-year fixed 80% LTV rates for loans up to £500,000 and for loans up to £1m by 0.10%.

Clydesdale will also increase core residential product transfer rates on two-year fixed 80% LTV rates for capital and interest only loans less than £1m by up to 0.22% and its two-year fixed 85% LTV rates for capital and interest only loans less than £1m will be hiked by up to 0.22%.

Within the bank’s professional residential range, two-year 80% and 85% LTV fixed rates will increase by 0.19% and broker exclusive two-year fixed 80% LTV purchase and remortgage exclusive will lift by 0.22%.

Clydesdale becomes the latest lender to increase rates after Virgin, Nationwide and Principality Intermediaries announced rate hikes yesterday.