Clydesdale Bank has confirmed a series of rate reductions across parts of its residential and buy-to-let mortgage ranges, effective from Monday 26 January.

The changes apply to selected fixed-rate products across core residential, professional, broker exclusive and buy-to-let ranges, alongside the launch of a new discounted standard variable rate option for existing customers.

Within its core residential range, selected two-year and five-year fixed rates between 65% and 95% loan-to-value for both new-to-bank customers and product transfers will be reduced by up to 0.45%.

The lender is also cutting rates for professionals, with selected two-year and five-year fixed products for professional and newly qualified professional borrowers reduced by up to 0.29%.

EXCLUSIVE CHANGES

A number of broker exclusive products are also seeing reductions. Purchase-exclusive two-year and five-year fixed rates will fall by up to 0.30%, while a large loan residential purchase and remortgage exclusive two-year fixed rate at 50% loan-to-value will be reduced by 0.07%.

In addition, a fee offer residential purchase and remortgage exclusive two-year fixed rate at 80% loan-to-value will be cut by 0.19%, and a buy-to-let purchase exclusive two-year fixed rate at 60% loan-to-value will be reduced by 0.10%.

For existing residential customers, Clydesdale Bank is introducing new two-year discounted standard variable rate fee offer products for product transfers only, with rates starting from 4.84%.

BUY-TO-LET

Within buy-to-let, selected two-year and five-year product transfer rates will be reduced by up to 0.10%.

Alongside the reductions, the lender confirmed it will withdraw its two-year discounted own variable rate products from sale from 26 January 2026. Applications for these products must be submitted by 8pm today.

The lender added that end dates across the affected ranges will move to April of the relevant year.