Clydesdale Bank has confirmed reductions to its residential fixed rates with effect from 26 January.

Selected core residential two year and five-year fixed rates between 65% and 95% LTV (both new to bank and product transfer) will be reduced by up to 0.45%

Selected professional and newly qualified professional two-year and five-year fixed rates will be reduced by up to 0.29%.

Broker exclusive fixed rates include: Purchase exclusive two and five- year fixed rates will be reduced by up to 0.30%.

Large loan residential purchase and remortgage exclusive two-year fixed rate at 50% LTV will be reduced by 0.07%.

Fee offer residential purchase and remortgage exclusive two-year fixed rate at 80% LTV will be reduced by 0.19%.

BTL purchase exclusive two-year fixed rate at 60% LTV will be reduced by 0.10%.

New two-year discounted SVR fee offer rates will be launched starting from 4.84% for product transfer only.

Selected BTL two and five- year product transfer rates will be reduced by up to 0.10%

Clydesdale will be withdrawing its two-year discounted OVR rates from sale from 26 January.