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Following the decision by the Monetary Policy Committee on 16 December 2021 to increase the Bank of England Base Rate to 0.25%, we’re making some changes. On 13 January 2022, our Standard Variable Rate will move to 4.49%, our Offset Variable Rate will move to 4.70% and our Offset Variable Investment Housing Loan Rate will move to 5.10%.
Products discounted from any of the affected rates will see an automatic increase to the interest rates from 13 January 2022. For all other products, the new revert-to-rates will be live from 13 January 2022.
Customers who are impacted by this rate change will be contacted to let them know of any changes to their mortgage.
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: 30 St Vincent Place, Glasgow G1 2HL.
