Clydesdale Bank has confirmed it will make changes to its product range from Monday 6th October.
The lender will withdraw its 2-year Discount Offset products for new customers, including the 80% loan-to-value (LTV) product at 5.19% for loans under £1m.
In their place, new Discount Variable rates will be launched, starting from 4.99% for loans under £1m.
These products will come with no Early Repayment Charge (ERC), providing additional flexibility for customers opting for variable rate borrowing.
For new buy-to-let customers, the Offset Variable Investment Housing Loan, currently at 7.49%, will also be withdrawn as an on-sale product.
Applications for products being withdrawn must be submitted by 8pm on Sunday 5th October.
The new Discount Variable range will be available from Monday 6th October.
There are no changes to the product range for existing customers completing a product transfer or porting.
End dates across the range will also be moved to 31st January of the relevant year.
