Offset Discounted SVR- 2 years Interest Only BO1171
For loans up to 80% of property value
| Product name | Offset Discounted SVR- 2 years Interest Only BO1171 |
| Initial rate | 2.04% (variable) |
| Initial rate expires on | 31st July 2023 |
| Rate thereafter | Standard Variable Rate, currently 4.55% |
| Overall cost for comparison | 4.3% APRC |
| Product fee | £999 |
| Option to add product fees to mortgage | Yes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type |
| Eligibility | Applicants must be aged 18 or over. All loans are subject to status. Security will be required |
| Maximum loan amount | £1,000,000 |
| Maximum loan to value | 80% |
| Minimum loan amount | £0 |
| Early repayment charge | 3% in year one 2% in year two |
| Special offers | New lending only available to Private customers. Remortgage: One free valuation for properties up to £3m Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m Properties over £3m – No incentives All incentives are subject to qualifying criteria being met. Available to existing Retail Interest Only customers for product switches only (subject to criteria) |
| Special features | Offset mortgage product. 6 Separate Accounts-Current and Savings Account, credit balances offset against mortgage debit balances for purpose of daily interest calculation. |
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.