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Clydesdale and Yorkshire Banks have launched a new range of residential mortgages aimed at borrowers seeking higher loan-to-value deals.

The banks are offering a number of mortgages fixed for two and five years at 85% and 90% LTV.

The deals come with a £500 cashback offer and no arrangement fees on selected products.

Fee offer mortgages:

Two-year residential fixed to 90% LTV charging 4.29% with £500 cashback

Two-year residential fixed to 85% LTV charging 3.49% with £500 cashback

Five-year residential fixed to 90% LTV charging 4.79% with £500 cashback

Five-year residential fixed to 85% LTV charging 4.49% with £500 cashback

Mortgages with arrangement fees:

Two-year residential fixed to 90% LTV charging 3.99% with £500 cashback and £999 arrangement fee

Two-year residential fixed to 85% LTV charging 3.19% with £500 cashback and £999 arrangement fee

Five-year residential fixed to 90% LTV charging 4.69% with £500 cashback and £999 arrangement fee

Five-year residential fixed to 85% LTV charging 4.19% with £500 cashback and £999 arrangement fee

Steve Fletcher, head of Clydesdale and Yorkshire Bank Retail Network, said: "We understand that people have different needs so we have extended our range of mortgages to meet these varied demands.

"We have fixed rate mortgages for two and five years as well as a number of products with no arrangement fee.

"There is also the opportunity to benefit from a £500 cashback offer on selected products depending on individual requirements and circumstances."

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