Clydesdale Bank has cut selected higher loan-to-value rates in its residential two and five-year mortgage range.

The lender says the reductions are:

A two-year fixed-rate offer at 85% LTV, with no fee, down to 1.78% from 1.87%

A five-year fixed-rate mortgage at 90% LTV, with no fee, reduced to 2.46% from 2.58%

A two-year fixed-rate loan at 95% LTV, with no fee, cut to 2.64% from 2.68%

A five-year fixed-rate offer at 95% LTV, with no fee, down to 2.94% from 3.01%

And two-year fixed-rate mortgage at 95% LTV, with a £999 fee, cut to 2.48% from 2.58%

The lender also reiterated, in a note to brokers, that after last month’s move by the Bank of England’s Monetary Policy Committee to lift interest rates to 0.25% from 0.10% it would also change its rates.

It said on 13 January, its standard variable rate moved to 4.49%, its offset variable rate moved to 4.70% and its offset variable investment housing loan rate moved to 5.10%.

Clydesdale Bank owns Yorkshire Bank, Virgin Money and online bank B.