Clydesdale Bank has announced rate cuts of up to 20bps across its residential and buy-to-let products. Residential two year fixed rates at 90% LTV are now available from 1.89% and from 2.29% for mortgages over £500,000.

The Bank has also cut rates on its new Professional range – for those who have become fully qualified within the last five years and have an income of over £40,000 – by 0.20%. At 90% LTV, two year fixed rates are now available at 2.09% and five year fixes start from 2.59%.

For buy-to-let products, three year fixed rates at 60% LTV have been cut by 20bps to 2.39% and a five year fixed rate at 75% is on offer at 2.89%.

Clydesdale also has a range of buy-to-let products exclusively available for properties in London & South East over £1m, which has seen rate cuts of 0.20%. Two year fixed rates start at 2.29% to 60% LTV and 2.49% to 75% LTV. A three year fixed rate at 75% LTV has been cut to 2.79% and a five year fix has been reduced to 2.89%.