Clydesdale Bank has announced selected reductions to its core and exclusive products, effective tomorrow (30 July).

The lender’s selected professional two- and five-year fixed rate products will be reduced by up to 0.32% and start from 4.57%.

It has also added a newly qualified professional two-year 95% loan-to-value (LTV) fixed rate.

The core residential range will see selected two- and five-year fixed rates lowered by up to 0.12%. Products will now have a starting rate of 4.34%.

Meanwhile, exclusive remortgage selected two- and five-year fixed rates will also be cut by up to 0.10% and start from 4.44% while exclusive purchase two- and five-year fixes will be reduced by up to 0.07% and start from 4.56%.

In addition, exclusive large loan selected two- and five-year fixed rates will be lowered by up to 0.12% and start from 4.50%.