Clydesdale Bank withdraws selected variables, launches others

Clydesdale Bank withdraws selected variables, launches others


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Clydesdale Bank product changes kick in today with changes to its variable rate range for new customers:h

  • 2 Year Discount Offset products will be withdrawn, including the 80% LTV product at 5.19% for loans <£1m;
  • New Discount Variable rates will be launched, supporting customers opting for a variable rate with no Early Repayment Charge. The new 2 Year Discounts from SVR will start from 4.99% for loans <£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 today.

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There are no changes to the product 

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range for existing customers taking a Product Transfer or porting.

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