Following September’s increase to the Bank of England Base Rate, we’ve made some changes to our Variable Rates. On 4 November 2022, we increased our Standard Variable Rate to 6.49%, our Offset Variable Rate to 6.70% and our Offset Variable Investment Housing Loan Rate to 6.99%.
What happens with cases at application or offer stage?
All Variable Rate Discounted Offset products have seen an increase to the interest rates from 4 November 2022 in line with the updated Variable Rate. All new revert-to-rates are live from 4 November 2022.
What happens with existing customers?
Customers who are impacted by this rate change will be contacted to let them know of any changes to their mortgage.
We’ll let you know of any further changes to our Variable Rates following the increase to the Bank of England Base Rate on 3 November 2022.
If you’ve got any questions, you can get in touch with your Business Development Manager.
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Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
