Clydesdale Bank has made changes to a section of its residential and buy-to-let mortgage products.

The rate changes came into effect at 8pm last night (1 August).

The changes are as follows:

• Core 65% – 95% LTV two and five-year fixed rates have been increased by up to 0.15 percentage points
• £1m+ 65% – 85% LTV two and five-year fixed rates have been increased by up to 0.10 percentage points
• Professional and Newly Qualified Professional rates have been increased by up to 0.15 percentage points
• Core buy-to-let two and five-year fixed rates have been increased by up to 0.15 percentage points
• £1m+ buy-to-let two and five-year fixed rates have been increased by up to 0.12 percentage points

The new rates will show on all sourcing systems and our online application system from today (2 August).

Its mortgage illustrator will be updated this afternoon.