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Interest Rates and Charges: Mortgages

Rates and charges for our mortgages

Rates of interest are subject to change but are correct as at 1st May 2008.

Click here to view interest rates and charges for Investment housing loans

Fixed Rate MortgagesCurrent
% p.a.
The overall cost for
Comparison
and
Current
APR+ is
Arrangement feeEarly Repayment Charge
Up to £75,000
Fixed until 30th June 2009

Changing from 1st July 2010 for remainder of mortgage to our standard variable rate, currently
6.19


7.14
7.4%APR+£999See table below
Fixed until 30th June 2010

Changing from 1st July 2010 for remainder of mortgage to our standard variable rate, currently
6.19


7.14
7.3%APR+£999See table below
   
Fixed until 31st July 2013

Changing from 1st July 2013 for remainder of mortgage to our standard variable rate, currently
6.19


7.14
7.1%APR+£999See table below
Over £75,000 up to £100,000
Fixed until 30th June 2009

Changing from 1st July 2009 for remainder of mortgage to our standard variable rate, currently 
6.19


7.14
7.4%APR+£999See table below
Fixed until 30th June 2010

Changing from 1st July 2010 for remainder of mortgage to our standard variable rate, currently
6.19


7.14
7.3%APR+£999See table below
   
Fixed until 31st July 2013

Changing from 1st July 2013 for remainder of mortgage to our standard variable rate, currently
6.19


7.14
7.1%APR+£999See table below
Over £100,000
Fixed until 30th June 2009

Changing from 1st July 2009 for remainder of mortgage to our standard variable rate, currently 
6.19


7.14
7.4%APR+£999See table below
Fixed until 31st July 2010

Changing from 1st July 2010 for remainder of mortgage to our standard variable rate, currently
6.19


7.14
7.3%APR+£999See table below
   
Fixed until 30th June 2013

Changing from 1st July 2013 for remainder of mortgage to our standard variable rate, currently
6.19


7.14
7.1%APR+£999See table below
First Time Buyers
Loan to Value < 90%
Fixed until 30th June 2011

Changing from 1st July 2011 for remainder of mortgage to our standard variable rate, currently
6.59


7.14
7.3%APR+£599See table below
Fixed until 30th June 2011

Changing from 1st July 2011 for remainder of mortgage to our standard variable rate, currently
6.79


7.14
7.3%APR+NilSee table below
Loan to Value > 90%
Fixed until 31th July 2011

Changing from 1st July 2011 for remainder of mortgage to our standard variable rate, currently
6.99


7.14
7.4%APR+£599See table below

 

Early Repayment Charges
TermPercentage charge applicable during year of the Discounted/Fixed/Capped Rate
 1st year 2nd year 3rd year 4th year 5th year
Fixed until 31st July 2013

5%5%4%3%2%
Fixed until 30th June 20103%2%---
Fixed until 30th June 20092%----
Discounted Tracker until 31st July 20102%3%---
First Time Buyers
Loan to Value < = 90%
      
Fixed until 30th June 2011

5%4%3%--
Loan to Value > 90%
      
Fixed until 30th June 20116%5%4%--

 

Variable Rate Mortgages* Current Interest Rate
% p.a.
The overall cost for comparison and Current APR+ is
Flexible Payment
Mortgage
Interest Only
Mortgage
Variable Rate
Standard Variable Rate7.147.7% APR+7.6% APR+
Tiered Rate
Tier 1 - £50,000 to £99,9997.147.7% APR+7.6% APR+
Tier 2 - £100,000 to £124,9997.147.7% APR+7.6% APR+
Tier 3 - £125,000 to £999,9997.147.7% APR+7.6% APR+
Tier 4 - £1,000,000+6.406.6% APR+6.6% APR+

*In all cases there is no Early Repayment Charge and an Arrangement Fee of £599

Clydesdale Bank Rapid/Flexible RepayPrevious
% p.a.
Previous
APR+
Current
% p.a.
The overall cost for Comparison and Current APR+ isArrangement FeeEarly Repayment Charge
£25,000 - £74,9996.997.56.747.1% APR+ £599None
Tier £75,000 - £124,9996.797.16.546.9 % APR+£599None
Tier 1 £125,000+6.496.86.246.5% APR+ £599None

 

Clydesdale Bank Offset Mortgage Previous
% p.a.
variable
Previous
APR+
Current
% p.a.
variable
The overall cost for Comparison and Current APR+ isArrangement FeeEarly Repayment Charge
Tier 1 £25,000 - £74,9996.797.3% APR+ 6.547.0% APR+ £599None
Tier 2 £75,000 - £249,9996.597.0% APR+6.346.7% APR+ £599None
Tier 3 £250,000 and above6.446.7% APR+ 6.196.4% APR+ £599None

 

Offset Tracker Mortgages Current
% p.a.
The overall cost for
Comparison
and
Current
APR+ is
Arrangement feeEarly Repayment Charge
Discounted Lifetime Tracker
Discounted until 31st July 2010
BOE Base Rate + 1.34%

Changing from 1st August 2010 for remainder of mortgage to BOE Base Rate + 1.75%, currently
6.34





6.75
7.0%APR+£999See table above

+The APR varies depending on the amount and length of the loan and the repayment dates
Written quotations are available on request. All loans are subject to status and applicants must be 18 or over. Security is required. One or more of the following policies may be required: Endowment, Pension Plan, Mortgage Guarantee.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority.  Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority.

Clydesdale Bank PLC 30 St Vincent Place Glasgow G1 2HL.  Registered in Scotland No: SC001111.