Meanwhile, Clydesdale Bank has also slashed rates on several of its mortgage products.
For core residential products, the bank repriced selected two- and five-year fixed rates, cut by up to 0.28%. Exclusive remortgage products saw selected two- and five-year fixed rates reduced by up to 0.07%.
In the exclusive large loan category, selected two- and five-year fixed rates were reduced by up to 0.22%. For core buy-to-let products, selected two- and five-year fixed rates were slashed by up to 0.14%.
Clydesdale also launched new two- and five-year fixed rates at 80% loan-to-value (LTV), starting from 4.95%.
Earlier this week, Virgin Money also launched new mortgage specials and reduced rates on select products.
