The banks will now be offering a 95% LTV 3-year fixed-rate mortgage at 5.49% and a 90% LTV 3-year fixed rate mortgage at 4.49%.
Andrew Pearce, retail director for Clydesdale and Yorkshire Banks, said: “We remain committed to supporting first-time buyers and as well as continuing to be one of the few banks to offer 95% LTV mortgages we have also lowered our mortgage rates to support our customers in owning their first home.
“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 and we have also introduced a lower rate for those taking a 90% LTV mortgage.”
The new lower rates are available to all customers for purchases and remortgages subject to normal criteria.
