Clydesdale Bank has confirmed it will increase interest rates across a number of its mortgage products from Wednesday 4 June.

The move affects both residential and professional ranges, including exclusives and product transfers.

The lender has announced that selected core residential rates at 65% to 75% loan-to-value (LTV) will rise by up to 0.25% for two and five-year fixed terms. A similar uplift of up to 0.25% will apply to selected two and five-year large loan exclusive products between 50% and 75% LTV.

In its exclusive product range, two and five-year fixed rates at 65% LTV for product transfers will also rise by up to 0.25%.

Meanwhile, two and five-year fixed rate remortgage exclusives at 75% LTV and purchase exclusives at 90% LTV will see a smaller increase of 0.10%.

Clydesdale is also adjusting its professional product range, with selected two and five-year fixed rates at 65% to 75% LTV set to rise by up to 0.25%.

Brokers applying on behalf of clients have been asked to submit applications by 8pm today to secure existing rates ahead of the changes.