Clydesdale Bank will raise selected residential deals by up to 35 basis points tomorrow (3 May), while TSB lifts product transfers and additional borrowing by as much as 25bps.  

Clydesdale Bank’s price rises include:  

Exclusive residential products  

• 75% loan-to-value remortgage two- and five-year fixes will be increased by up to 30bps  
• Selected purchase two- and five-year fixes will be increased by up to 30bps  
• 65% LTV and 75% LTV £1-2m two- and five-year fixes will be increased by 20bps  

Professional products  

• 75% LTV two- and five-year fixes will be increased by up to 35bps  

New and existing customer products  

• 65% LTV and 75% LTV two- and five-year fixes will be increased by 20bps  

The lender says that end dates will move to August of the relevant year.  

It tells brokers that applications for any of the relevant products should be submitted by 8pm today.  

Meanwhile, the rate rises at TSB, which also come to market tomorrow, cover:  

Product transfer  

• Residential two-, three- and five-year fixes will be increased by up to 25bps  
• Buy-to-let two- and five-year fixes will be increased by 25bps  

Additional borrowing  

• Residential two-, three- and five-year fixes will be increased by up to 25bps  
• BTL two- and five-year fixes will be increased by 25bps  

The moves by the firms come as a range of major lenders lift rates as money markets bet that the first Bank of England base rate cut may be pushed back into the second half of the year.