Clydesdale Bank will reduce selected residential fixed product transfer rates from Tuesday 16 June.

The lender said selected two-year and five-year fixed rates in its core residential product transfer range will be reduced by up to 12bps.

Clydesdale will also change the end dates on the affected products to 30 September of the relevant year.

The changes apply to selected Clydesdale residential fixed product transfer rates, not buy-to-let.