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Clydesdale offers capped offset deal

Clydesdale Bank has launched a product range to brokers which includes a two-year capped offset mortgage, the first time the bank has offered a deal of this type.

The range includes improvements to its traditional plus offset tracker deals available as capped products.

The products are a traditional tracker at 0.19% to 0.24% over base rate, reverting to 0.55% over base for life after two years at 4.69% for purchase and 4.74% for remortgage. And a capped tracker at 0.39% to 0.44% over base, reverting to 0.55% base for life after two years is available at 4.89% for purchase and 4.94% for remortgage.

Also on offer is an offset tracker at 4.89% for purchase and 4.94% for remortgage. A capped offset tracker is available at 4.99% for purchase and 5.04% for remortgage.

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