Help to Buy Deals Undercut Just Two Days after Launch

Clydesdale Bank and Yorkshire Bank have cut the rates on their mortgages for those with a five per cent deposit, beating deals offered through the Help to Buy scheme. The banks reduced the rates on their three year fixed rate mortgages, from 5.49pc to 4.99pc, for those with a 5pc deposit. RBS-NatWest, which is majority owned by the Government, was the first to reveal the pricing of its Help to Buy mortgages on Tuesday, offering a two-year fixed rate deal at 4.99pc with no fees. Read more on the Daily Telegraph website.