Clydesdale Bank will cut selected residential and landlord rates by up to 73 basis points, while Accord will reduce buy-to-let deals by up to 40bps tomorrow (2 July).  

Clydesdale’s reductions include:  

BTL products  

• Two-year and five-year fixed rates will be reduced by up to 73bps  
• Fixed-rate £3,999 fee products will be made available to new business customers  

Core residential  

• Selected 65% to 75% loan to value fixes will be reduced by up to 15bps, starting from 4.44%  
• 95% LTV fixes will be reduced by 20bps, starting from 5.34%  

Professional products  

• Selected professional and newly qualified professional fixes will be reduced by up to 38bps  

Exclusive products  

• Remortgage fixes will be reduced by up to 15bps, now starting from 4.52%.  
• Purchase fixes will be reduced by up to 18bps, starting from 4.61%.  
• Loan sizes for exclusive purchase deals will be available up to £2.5m  

Large loan deals  

• Residential large loan exclusives at 65% LTV and 75% LTV will have their loan band widened and will be available from £750,000 to £2.5m  

The bank’s end dates will move to October of the relevant year.  

Meanwhile, Accord will also cut BTL new business rates.  

The lender’s reductions cover:  

• Two-year fixes will be cut by between 5bps to 40bps — except 80% LTV products  
• Three-year fixes will be cut by between 10bps to 20bps — except 80% LTV products  
• Two-year tracker rates will be cut by 5bps — except 80% LTV products  

End dates will be extended to the end of October