What is changing?
Following the change in the Bank of England base rate from 0.75% to 0.25% on Wednesday 11th March 2020, the Bank has reviewed its Standard Variable, Offset Variable and Offset Variable Investment Housing Loan rates.
With effect from Thursday 2nd April 2020 the following changes will be made:
| Product | ||
|---|---|---|
| Standard Variable Rate | ||
| Offset Variable Rate | ||
| Offset Variable IHL Rate |
Pipeline Arrangements
Where a case is at application or offer stage:
- Products discounted from any of the affected rates will see an automatic decrease to the interest rates from 2nd April.
- For all other products, the revert-to-rates will be amended in line with the above table from 2nd April.
Further Information
These changes will be implemented and updated on our web pages with effect from 2nd April. If you have any questions please just give us a call and we’ll be happy to help.
If you are not an intermediary of the Bank, you should not refer to the information contained in this website. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's mortgage conduct of business rules. This site is intended for UK residents (who are intermediaries of the Bank) unless otherwise stated.
Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
