Clydesdale has confirmed it will no longer offer new mortgage lending, marking the end of new business activity under the brand.

The lender said its fixed rate mortgage products for new customers, which were withdrawn earlier this year, will not return. The remaining Clydesdale variable rate mortgage products will be withdrawn at 8pm on 1 July 2026.

Applications for the remaining variable rate products can continue to be submitted until that deadline.

The move will not affect existing Clydesdale mortgage customers, with the lender confirming it will continue to offer product transfer deals through all existing distribution channels, including intermediaries.

Customers with existing mortgages do not need to take any action, while applications for porting and additional borrowing will continue to be accepted.

The lender also confirmed there will be no changes to its Virgin Money residential mortgage proposition, with brokers able to continue working with their Virgin Money business development managers as normal.

PIPELINE CASES TO BE HONOURED

Clydesdale said pipeline applications would continue to be processed as normal and that all existing mortgage offers would be honoured.

However, from 1 July 2026, the lender will no longer be able to process material changes that require a new application, such as adding or removing applicants from a case.

The decision completes the withdrawal of Clydesdale from new mortgage lending, while maintaining support for existing borrowers and intermediary partners through product transfers, porting and additional borrowing facilities.