Clydesdale Bank increases the maximum loan term to 40 years

We are pleased to announce that the maximum loan term has been increased from 25 years to 40 years, depending on the age of the applicant as noted below:

3rd October 2011

• Customers aged 25 and below: 40 years
• Customers aged between 26 and 40: subtract the applicant's age from 65
• Customers aged 41 and over: 25 years

The applicant's age to be used is their age at the date of application. Where there is more than one applicant, the age to be used is that of the oldest applicant.

The minimum term remains the same at 5 years.

We have increased the maximum loan term as a result of feedback from you, our intermediary partners, which demonstrates our commitment to the intermediary mortgage distribution channel and provides you with another reason to recommend Clydesdale Bank to your customers.

For further information about any of our products, please contact your local Relationship Partner or alternatively, visit our products page.

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