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Apply for an offset 2 year discounted repayment mortgage with Clydesdale Bank

Clydesdale Bank’s offset mortgage for loans up to 75% of the value of your home.

Mortgage nameOffset 2 Year Discount (OVR Minus 2.41%)
Max loan to value75%
Initial rate2.29%
Until
Variable rate thereafter, currently4.70%
The overall cost for comparison is4.4% APRC
Arrangement fee£499 for existing mortgage customers
£999 for new mortgage customers
Option to add legal fees to mortgage Yes
Legal fees

You’ll normally instruct a solicitor to act on your behalf in connection with your transaction. You may be required to pay legal fees and costs as part of their work on your behalf. These fees/costs are normally charged by the solicitor directly to you, unless we tell you that we’ll contribute to the legal costs as part of your product deal.

Typically you will not need to pay legal fees if:

  • you are an existing mortgage customer who wishes to re-mortgage with us.
  • you are a new mortgage customer who wants to switch the mortgage for their current home to us and use our legal panel."
Valuation fee

The valuation report is used to calculate how much we’ll lend you. This is separate from any valuation or survey of the property you might want to instruct for your own purposes.

There are other homebuyers, home report or structural survey options available if you want to commission these.

Typically you will not have to pay a valuation fee if:

  • you are an existing mortgage customer who wishes to re-mortgage their current house with us.
  • you are a new mortgage customer who wants to switch the mortgage for their current home to us.

*Please note that if you are changing the terms of the original mortgage e.g. borrowing an additional amount, changing the duration of the mortgage or changing repayment terms, a valuation will be required and a fee will be payable where applicable.

Special features At the end of the discounted period you can make extra payments or repay your whole mortgage without penalty

Link up to six Clydesdale Bank current and savings accounts to save on interest payments and repay your mortgage early

You can even combine your business credit balances – available to sole traders and simple partnerships (two or more people in business and with their mortgage together; for example, a husband and wife or civil partnership couple)
Early repayment charge Applies for the first two years
3% in year 1
2% in year 2
EligibilityApplicants must be aged 18 or over. All loans are subject to status. Security will be required.

Your home may be repossessed if you do not keep up repayments on your mortgage

Work out your monthly repayment for this mortgage

How much?

During the initial period, your estimated monthly repayments would be: £ until

Thereafter, the rate would revert to our variable rate, currently 4.70%, which equates to a monthly payment of £


The overall cost for comparison is:

% APRC

Our mortgage calculator gives you an indication of monthly mortgage repayments. If you'd like to discuss your individual circumstances or obtain a personalised illustration, please contact us.

Make an enquiry

Next steps

You can switch to this mortgage online if:

  • You don't want to change your borrowing amount.
  • You want to keep the same term.
  • You don't want to add or remove any parties to or from the mortgage.
  • You don't want to change the repayment method.
  • You still use the property in the same way eg. it's still your main home.
  • You can still meet your mortgage repayments.
  • The mortgage term does not run beyond when you expect to retire from work.
  • You do not rely on any of the following to make your mortgage payments and/or (in the case of interest only mortgages) to repay the balance that will remain outstanding at the end of the term:
    • income received in a currency other than pounds sterling; or
    • assets held in a currency other than pounds sterling (including non-UK property or land)?

Please note to switch online you will need your mortgage account number. You can find this on your mortgage statement or other mortgage related letters.

I confirm I have read the above information and I am happy that I can continue.

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Or if you would like to speak to one of our mortgage advisors, you can give us a call on 0800 111 4355 (we're open 8am - 8pm Monday to Friday, 9am - 5pm Saturday and 10am - 4pm Sunday) or:

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