For loans up to 80% of property value
| Product name | Broker - 2 Year Discounted Offset <=80% (OVR minus 1.50%) > £1m Interest Only - BO1681 |
| Initial rate | 5.74% (variable) |
| Initial rate expires on | 31st August 2027 |
| Rate thereafter | Standard Variable Rate, currently 7.49% |
| Overall cost for comparison | 7.70% APRC |
| Product fee | £1999 |
| Option to add product fees to mortgage | The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV. |
| Legal and Valuation Fees | Purchase: Free Valuation Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors) |
| Eligibility | Applicants must be aged 18 or over. All loans are subject to status. Security will be required. |
| Maximum loan amount | £10,000,000 Loans up to £2,500,000 – maximum LTV 80% (no more than 75% LTV to be on Interest Only) Loans up to £5,000,000 – maximum LTV 75% Loans over £5,000,000 – maximum LTV 60% |
| Maximum loan to value | 80% |
| Minimum loan amount | £1,000,001 |
| Early repayment charge | No ERC applies. |
| Special offers | Purchase: One free valuation for properties up to £3m Remortgage: One free valuation for properties up to £3m Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m Properties over £3m – No incentives All incentives are subject to qualifying criteria being met. Two months personal bank statements required where the mortgage is £1,000,000 or above. The product fee for existing customers completing a product transfer is £999 |
| Overpayment permitted | Yes, without penalty |
| Apply now |
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Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
