Following the decision by the Monetary Policy Committee on 5 November 2026 to increase the Bank of England Base Rate to 4.00% we’re making some changes.
On, 16 November we will increase the following Clydesdale variable rates:
- Our Standard Variable Rate will move from 6.74% to 6.99%.
- Our Offset Variable Rate will move from 6.89% to 6.99%.
- Our Buy to Let Variable Rate, Offset Variable Investment Housing Loan Rate will move from 7.49% to 7.74%.
What happens with cases at application or offer stage
All Variable Rate Discounted Offset products will see an increase to the interest rates from 16 November in line with the updated Variable Rate. All new revert-to-rates will be live from 16 November and customers will be contacted to let them know their new rate and monthly payment on completion of the loan.
What happens with existing customers
Clydesdale customers affected by these changes will be contacted to let them know when their new rate will become effective, following their next payment date after 16 November. Their new payment will become effective from the month after that.
If you’ve got any questions, you can get in touch with your Business Development Manager.