Clydesdale Bank will withdraw a number of products and introduce new variable rate deals for new borrowers from Monday 6 October.

The lender confirmed that its 2-year discount offset mortgages will be withdrawn, including the 80% loan-to-value product priced at 5.19% for loans under £1m.

In their place, new discount variable products will be launched, offering customers the option of a rate without early repayment charges. The new 2-year discount from the standard variable rate will start at 4.99% for loans under £1m.

For new buy-to-let borrowers, the Offset Variable Investment Housing Loan – currently on sale at 7.49% – will be removed from the range.

Applications for products being withdrawn must be submitted by 8pm on Sunday 5 October, while the new rates will be available from the following day.

There will be no changes for existing customers seeking a product transfer or porting, though all end dates will now move to 31 January of the relevant year.