Clydesdale launches new variable rate mortgage offering

Clydesdale Bank is making changes to its variable rate mortgage range for new customers.

From Monday 6th October, the Bank's two-year discount offset products will be withdrawn, including the 80% LTV product at 5.19% for loans below £1m. 

Instead, new discount variable rates will be launched, supporting customers opting for a variable rate with no early repayment charge. The new two-year discounts from SVR will start from 4.99% for loans under £1m. 

For new buy-to-let customers, the offset variable investment housing loan (OVIHL) will cease to be available as an on-sale product, with current rate at 7.49%. 
 
The new discount variable rates will be available for applications from Monday 6th October.

There are no changes to the product range for existing customers taking a product transfer or porting.

As part of the changes, Clydesdale is also moving end dates to 31st January of the relevant year.