History

Clydesdale Bank was founded back in 1838 with their head office located in Glasgow and another branch in Edinburgh. Over time, they expanded throughout Scotland and became the first Scottish bank to open branches in England.

In 1919 the Midland Bank took over the Clydesdale Bank. And then in 1950 the Midland Bank merged the Clydesdale with the North of Scotland Bank which it acquired in 1926.

The Midland Bank later sold its UK subsidiaries, including the Clydesdale Bank, to the National Australia Bank (NAB) in 1987. The bank became part of NAB's UK and Irish subsidiaries including Northern Bank in Northern Ireland; National Irish Bank in Ireland.

In 2001, Yorkshire Bank became a part of Clydesdale Bank, although it continues to trade under its own name. In 2005 NAB sold Northern Bank and National Irish Bank to the Danish Danske Bank. Then in July 2007 Clydesdale Bank became the main sponsor of the Scottish Premier League in an £8 million four-year agreement.

In Scotland, the Clydesdale Bank is the third largest clearing bank, and it is one of three Scottish commercial banks which have the right to issue their own banknotes. Today it has a comprehensive network of 230 branches throughout the UK. It is now a member of National Australia Bank Group, which has over 7.7 million customers internationally.

Remortgages offered through Clydesdale Bank

Clydesdale Bank has the following remortgage offers:

Fixed Mortgage - your initial rate will depend on how much you want to borrow. It will be fixed for an agreed period. After the fixed rate period has finished, your mortgage will revert to the Society's standard variable rate for the remainder of the mortgage term. There is an arrangement fee. There is a booking fee. An early repayment charge may apply.

Offset Mortgage - your mortgage will be set at a variable rate which will depend on how much you want to borrow. Your mortgage is linked to your current and savings account. Instead of earning interest on your savings, you pay less interest on your mortgage. Your accounts are offset against your mortgage balance so that you pay interest on the difference. You can make overpayments, underpayments or take payment holidays (as long as you have made previous overpayments).

Flexible Payment Mortgage - your mortgage will be set at a variable rate which will depend on how much you want to borrow. This product is flexible, you can make overpayments, underpayments or take payment holidays (as long as you have made previous overpayments). Take advantage of Clydesdale switching package for re-mortgages. This is a tax effective mortgage. You can borrow up to 95% LTV. There is an arrangement fee. There is no early repayment charge. Interest is calculated daily.

Investment Housing Loans (Buy to Let) - these are available at both fixed rate and the Society's standard variable rate. Your rate will also depend on the amount you want to borrow. You can use this type of mortgage to buy more than one property. There is an arrangement fee. There is a booking fee. An early repayment charge may apply.

Current Account Mortgage - your mortgage will be set at a variable rate which will depend on how much you want to borrow. A Current Account Mortgage combines your current account, personal loan, overdraft and mortgage into one flexible account. Instead of earning interest on your savings you pay less interest on your mortgage. This is a tax effective mortgage. You can borrow up to 95% LTV. There is an arrangement fee. There is no early repayment charge.

Clydesdale has two Current Account Mortgages: Rapid Repay and Flexible Repay. Further borrowing will be set at the same rate as your mortgage.