Clydesdale Bank

Clydesdale Bank was established in 1838, and had a head office in Glasgow and a single branch in Edinburgh at the time. Today it has a widespread network of 230 branches throughout the UK. Since 1987 it has been a member of the National Australia Bank which is an international financial services group with in excess of £150 billion worth of assets and more than 8 million customers.

Clydesdale Bank has the following mortgages:

• Fixed Mortgage
• Offset Mortgage
• Flexible Payment Mortgage
• Investment Housing Loans

Fixed Mortgage: your starting rate will depend on the amount you want to borrow. It will be fixed for an agreed interval, after which your mortgage will revert to the Society's standard variable rate for the rest of the mortgage term.

• There is an arrangement fee
• There is a booking fee
• An early repayment charge may apply
• First Time Buyers and people wanting to re-mortgage may be eligible for different rates

Offset Mortgage: your mortgage will be set at a variable rate which depends on the amount you want to borrow. Your mortgage is linked to your current and savings account, which are offset against your mortgage balance so that you pay interest only on the difference, and hence you pay less interest on your mortgage instead of earning interest on your savings.

• This product is flexible you can make overpayments, underpayments or take payment holidays (as long as you have made prior overpayments)
• If you are re-mortgaging, you can take advantage of Clydesdale switching package
• This is a tax effective mortgage
• You can borrow up to 95% LTV
• There is an arrangement fee
• There is no early repayment charge

Flexible Payment Mortgage: your mortgage will be set at a variable rate which will depend on the amount you want to borrow.

• This product is flexible you can make overpayments, underpayments or take payment holidays (as long as you have made enough past overpayments)
• If you are re-mortgaging, you can take advantage of Clydesdale switching package
• This is a tax effective mortgage
• You can borrow up to 95% LTV
• There is an arrangement fee
• There is no early repayment charge
• Interest is calculated daily

Investment Housing Loans (Buy to Let): these are available at both fixed rate and the Society's standard variable rate. Your rate will also depend on the amount you want to borrow. This type of loan is not intended for commercial purposes, but you can use this type of mortgage to buy more than one property.

• There is an arrangement fee
• There is a booking fee
• An early repayment charge may apply
• First Time Buyers and people wanting to re-mortgage may be eligible for different rates

Clydesdale Bank also offers the following mortgage:

Current Account Mortgage: your mortgage will be set at a variable rate which will depend on the amount of loan you want to get. This mortgage type combines your current account, personal loan, overdraft and mortgage into one flexible account, so you pay less interest on your mortgage instead of earning interest on your savings.

• This is a tax effective mortgage
• You can borrow up to 95% LTV
• There is an arrangement fee
• There is no early repayment charge
• Clydesdale have two Current Account Mortgages: Rapid Repay and Flexible Repay
• Further borrowing will be set at the same rate as your mortgage

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