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Clydesdale Bank’s Interest Only Maximum Age Update

We’re delighted to announce our Interest Only Maximum Age policy changes are live today.

9th May 2019

Want to know more?

The headlines are:

  • The maximum age for Interest Only residential lending is now 75 years where downsizing is not being used as a repayment strategy.
  • Lending in Retirement is acceptable for Interest Only mortgages where income can be evidenced and where downsizing is not being used as a repayment strategy.

Downsizing continues to be an acceptable repayment strategy (subject to existing requirements) but the maximum age at the end of the mortgage term is limited to 70 and lending into retirement is not acceptable.

Please visit our website for more information on our lending criteria, products, and packaging requirements.

If you have any questions, please contact your Relationship Manager.

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