Clydesdale Bank is reducing a range of residential product transfer fixed mortgage rates from 17 July, including the launch of new lower loan-to-value deals.

The lender is introducing new two-year and five-year fixed rate product transfer mortgages at 65% and 75% loan-to-value, carrying a £1,999 product fee, with rates starting from 4.27%.

Alongside the new products, Clydesdale is reducing selected two-year and five-year fixed rate product transfer mortgages for residential loans of less than £1 million by up to 0.16%.

Selected two-year and five-year fixed rate product transfer mortgages for loans above £1 million will also see rates reduced by up to 0.10%.

The changes take effect on Friday 17 July.