Clydesdale Bank is set to implement rate reductions across a range of residential mortgage products from Wednesday 6 August, alongside the launch of several new exclusives aimed at both homebuyers and landlords.

The bank confirmed that selected core residential rates, including product transfer deals, will see reductions of up to 0.19% on 2- and 5-year fixed rates for loans between 80% and 95% loan-to-value.

These changes are part of a broader update to the lender’s product range.

Among the exclusive products, the 90% LTV 5-year purchase deal will see a modest 0.05% cut, while selected remortgage exclusives will fall by up to 0.28%.

Purchase and remortgage products at 75% and 80% LTV, offered on a 2-year fixed rate with a fee incentive, will see rate reductions of up to 0.14%.

All revised products will carry end dates aligned to 30 November of the relevant year.

Clydesdale is also introducing two new 85% LTV residential purchase exclusives, available on 2- and 5-year fixed rates with a £1,499 fee, with rates starting at 4.09%.

For landlords, the lender is launching a 5-year buy-to-let purchase exclusive at 60% LTV with a £999 fee, priced at 4.65%.