Important update about Clydesdale new lending

23 June 2026

We are writing to let you know that Clydesdale will no longer offer new mortgage loans.

Clydesdale new business fixed rates were withdrawn earlier this year. Those deals will not be re-introduced, and the remaining Clydesdale variable rate products will be withdrawn at 8pm on Wednesday 1 July 2026.

Existing customers

We’ll continue to offer competitive product transfer deals to existing customers, through all the channels we do today, including via intermediaries.

Your clients with existing Clydesdale mortgages don’t need to do anything. We remain committed to supporting existing customers, and we will continue to accept applications for porting and additional borrowing.

Virgin Money

There are no changes to our Virgin Money residential mortgages. You can continue to work with your Virgin Money BDM, just like you do today.

Applications and pipeline

New Clydesdale cases for variable rate products can be submitted until 1 July 2026.

We’ll still process pipeline applications as normal. However, from 1 July 2026 we’ll no longer be able to process material changes that require a new application, such as adding or removing applicants.

All existing offers will be honoured.

Any questions?

For any questions, including application queries, please speak to your BDM who will be happy to help you.

The team at Clydesdale