Clydesdale Bank has launched a two-year fixed rate at 1.19 per cent exclusively for intermediaries.

The rate is one of the lowest on the market at 75 per cent loan-to-value, however it comes with a substantial fee of £1,999.

The lender has also trimmed rates on a number of other deals.

Its fee-free two-year fixed at the same LTV has reduced from 1.57 to 1.52 per cent. 

Its fee-free five-year fixed at 80 per cent LTV has come down from 1.94 to 1.88 per cent.

Earlier this week the lender increased rates on a number of products by up to 15 basis points.

Its fee free two-year fixed at 85 per cent LTV increased from 1.99 to 2.08 per cent

Its two-year fixed for professionals at 85 per cent LTV increased from 1.89 to 2.04 per cent.

Its fee-free two-year fixed for newly-qualified professionals at 85 per cent LTV increased from 2.09 to 2.24 per cent.