Clydesdale Bank has launched a new first-time buyer Intermediary exclusive.

The two-year fixed rate is priced at 2.89% up to 90% loan to value (LTV).

It comes with a £1,999 fee and free valuation. It is not available on new builds, flats, or maisonettes.

The product fee can be added to the loan, providing it doesn’t take a residential loan over 95% LTV or a buy-to-let loan over 80% LTV.

Meanwhile, the bank’s 75% LTV exclusive two-year fixed rate with £1,999 fee will be withdrawn, as will its two-year discounted SVR rate at 1.74%.