The banks have also cut the rates for their first-time buyer mortgages down from 6.19% to 5.99% for a 95% LTV 3-year fixed rate mortgage and 5.49% down to 4.99% for a 3-year fixed rate deal at 90% LTV.
Steve Reid, retail director for Clydesdale Bank, said: “We understand how difficult buying a new home can be and we hope that our fee free offer and new rates will help even more potential buyers take their first step onto the property ladder.”
