The lender will now be offering rates starting at 2.49% on 2-year fixed rate mortgages and 2.99% on 5-year fixed mortgages.
Other highlights of the cuts include a 2.69% 2-year fixed rate and a 3.29% 5-year fixed rate, both have been cut by 0.20% and are available for up to 70% loan to value.
The Banks have also waived arrangement fees for existing customers looking to take a new mortgage or switch mortgages before 11th May 2013.
Andrew Pearce, retail director for Clydesdale and Yorkshire Banks, said: "Many people are now opting for fixed rate mortgages so they will know exactly how much their mortgage payments will be on a monthly basis.
"We remain focused on offering a range of competitive products that meet the differing needs of our customers."
