Clydesdale Bank has made a number of rate cuts to its residential products as well as having launched a new product.

The new offering is available at 90% LTV and has a rate of 3.19%. It also charges a £1,999 fee.

The most significant cut takes place at the 85% LTV two-year fix with £999 fee, which has been reduced by 23 basis points, from 2.41% to 2.18%.

Other cuts include the 80% LTV two-year fix with no fee going from 2.28% to 2.23% and the 85% LTV five-year fix with £999 fee being cut from 2.64% to 2.54%.

The lender has also reduced the rate on two of its 90% LTV London and South East-specific mortgages: the two-year fix being cut from 3.52% to 3.42% and the five-year fix receiving a 10 basis point cut as well, leaving it at 3.66%.

Both of these mortgages charge a £999 fee.

The lender adds that several of its professional two- and five-year fixes have received cuts of up to 15 basis points.