Clydesdale Bank Launches New Large Loan Mortgage Products and Lowers Early Repayment Charges

Significant Updates to Clydesdale Bank’s Mortgage Product Range (Effective September 2025)

Clydesdale Bank, a well-known UK mortgage lender, has announced important changes to its residential mortgage products effective from Monday, 8 September 2025. These updates will impact high-value borrowers, homeowners considering remortgaging, and first-time buyers seeking flexible and competitive lending options.

New Large Loan Mortgage Products: Higher Value Lending Unveiled

Clydesdale Bank is expanding its offering to better cater to borrowers seeking substantial mortgages. The bank is introducing new core residential products in the following areas:

• Loans between £1 million and £2.5 million at 65–85% Loan-to-Value (LTV): New products are now available, providing more choice for clients with significant borrowing needs.
• Loans over £2.5 million at 65–75% LTV: Additional options for ultra-high-value mortgages, ideal for those with major property purchases.

Note: The maximum loan at 85% LTV remains capped at £1.5 million.

Updated Product Transfers and Rate End Dates

• Core Residential Product Transfers: New rates are accessible for all repayment types at 65–80% LTV, offering both standard fee and fee-offer options.
• Rate End Dates: Product end dates have moved to December of the relevant year, providing borrowers with improved clarity and planning when reviewing their options.

Reduced Early Repayment Charges for 2-Year Fixed Mortgages

One of the most borrower-friendly changes is the reduction in early repayment charges (ERCs) on 2-year fixed rate products:

• Year 1: 2.5% ERC
• Year 2: 1.5% ERC

This offers greater flexibility for clients who may wish to pay off their mortgage or refinance earlier within the fixed period, without incurring excessive penalties.

Withdrawals: Changes to Large Loan Exclusives

• Withdrawn Products: Large Loan Exclusives for loans between £750,000 and £2.5 million at 65–80% LTV, as well as the core range for loans above £1 million at 65–85% LTV, are discontinued from 8pm, Friday 5 September 2025.
• Action Required: Applications for these products must be submitted before the cut-off to be considered.

Who Benefits Most from These Changes?

• High-net-worth individuals: Newly launched large loan products provide bespoke solutions for purchasing or refinancing premier properties.
• Remortgage clients: Lower ERCs and flexible core product transfers improve long-term value and switching flexibility.
• Homeowners seeking product transfers: Expanded options at popular LTV bands (65–80%) for all repayment types suit various needs, including capital repayment and interest-only borrowers.

Why Consider Clydesdale Bank for Your Next Mortgage?

• Specialist in large loans: Expertise in securing higher-value mortgages for complex financial circumstances.
• Flexible policies: A range of repayment options and recently reduced early repayment charges.
• Transparent end dates and criteria: Helping clients plan with confidence and avoid surprises.

Take Action: Get Expert Guidance Today

Whether you’re looking for a large mortgage, aiming to remortgage for a better deal, or simply seeking guidance on your eligibility, our expert mortgage advisers are here to help. Contact our team to discuss how Clydesdale Bank’s latest product updates could benefit you and secure a mortgage tailored to your needs.

Frequently Asked Questions (FAQs)

• Who qualifies for Clydesdale Bank’s new large loan products?
  High-net-worth individuals and property buyers with substantial deposit funds can qualify, subject to affordability checks and meeting Clydesdale Bank’s lending criteria for large loans.
• How do reduced early repayment charges affect my mortgage?
  Lower ERCs mean you can repay or switch your mortgage during the fixed term with less penalty, providing enhanced flexibility if your circumstances change.
• Can existing borrowers benefit from the new product transfers?
  Yes, existing customers can access updated product transfer rates, with options expanding to cover more LTV bands and repayment types.
• Are these mortgage products suitable for remortgaging?
  Yes, especially for those looking for large loans, competitive rates, or flexibility with overpayments and early repayment.
• How do I apply or check my eligibility?
  Contact our mortgage specialists for a full assessment of your circumstances and to guide you through Clydesdale Bank’s application process.