Clydesdale Bank has announced an important product update for advisers. Please see below for more details. Contact us for more information, alternatively, you can visit their website here.
ANNOUNCEMENTS
Important update about Clydesdale new lending
We want to let you know that Clydesdale will no longer offer new mortgage loans.
Clydesdale new business fixed rates were withdrawn earlier this year. Those deals will not be re-introduced, and the remaining Clydesdale variable rate products will be withdrawn at 8pm on Wednesday 1 July 2026.
Existing customers
We’ll continue to offer competitive product transfer deals to existing customers, through all the channels we do today, including via intermediaries.
Your clients with existing Clydesdale mortgages don’t need to do anything. We remain committed to supporting existing customers, and we will continue to accept applications for porting and additional borrowing.
Virgin Money
There are no changes to our Virgin Money residential mortgages.
Applications and pipeline
New Clydesdale cases for variable rate products can be submitted until 1 July 2026.
We’ll still process pipeline applications as normal. However, from 1 July 2026 we’ll no longer be able to process material changes that require a new application, such as adding or removing applicants.
All existing offers will be honoured.