Rates have reduced by up to 0.30%.

The panel has launched with six broker firms.

The rate reductions span mortgages for both new buyers and existing homeowners.

Purchase and remortgage rates have benefitted from the rate reductions.

Purchase and remortgage rates have reduced by up to 0.19%.

Clydesdale has also introduced new fee offer products across its residential and buy-to-let ranges.

The lender has launched new remortgage rates from 3.83%.

The new products expand the bank’s buy-to-let product range which is also available to limited company applicants.

Patrick Bamford, head of international business development at Qualis Credit Risk, explores the FCA's recent Discussion Paper on improving access to first-time buyer mortgages.

Average rates have fallen by 0.62% in the past year, saving borrowers £888.