Following the decision by the Monetary Policy Committee on 7 November 2024 to decrease the Bank of England Base Rate to 4.75% we’re making some changes.
On 21 November 2024, we will decrease the following Clydesdale Bank variable rates:
What happens with cases at application or offer stage
All Variable Rate Discounted Offset products will see a reduction to the interest rates from 21 November 2024 in line with the updated Variable Rate. All new revert-to-rates will be live from 21 November 2024 and customers will be contacted to let them know their new rate and monthly payment on completion of the loan.
What happens with existing customers
Clydesdale Bank customers affected by these changes will be contacted to let them know when their new rate will become effective, following their next payment date after 21 November 2024. Their new payment will become effective from the month after that.
If you’ve got any questions, you can get in touch with your Business Development Manager.
If you are not an intermediary of the Bank, you should not refer to the information contained in this website. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's mortgage conduct of business rules. This site is intended for UK residents (who are intermediaries of the Bank) unless otherwise stated.
Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
