Clydesdale Bank will close its doors to new mortgage customers from next week.
Nationwide, which acquired the 188-year-old lender earlier this year, announced the move on June 24 as part of wider changes to the group’s mortgage offering.
All remaining mortgage products will be withdrawn by July 2.
A spokesman for Nationwide said: "We’ll stop all new residential mortgage lending through Clydesdale from July 2.
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"The two variable-rate products will be withdrawn and the fixed-rate products previously withdrawn will not be reintroduced.
"Existing customers are unaffected and will continue to hold their Clydesdale mortgage, with access to Clydesdale switcher products.
"New lending for first-time buyers, home movers and remortgage customers will be provided through Nationwide and Virgin Money, which will continue to deliver expert support, a broad product range and strong intermediary relationships."
Clydesdale Bank recently removed fixed-rate products from the market, leaving only two variable rate options currently available.
Both of these variable rate mortgages will be withdrawn from offer by July 2.
The decision forms part of ongoing changes since Nationwide’s acquisition of Virgin Money and its subsidiary brands in April.
Virgin Money's website stated that Clydesdale Bank's website was taken offline on April 2 as part of the bank's phasing out process.
Clydesdale Bank and Yorkshire Bank had previously merged to form CYBG in 2016 before acquiring Virgin Money Holdings in 2018.
The group later began rebranding as Virgin Money.
Nationwide continues to encourage customers seeking a mortgage to explore their other options with either Virgin Money or Nationwide bank.
Founded in Glasgow in 1838, Clydesdale Bank supported Scottish trade and industry throughout the Industrial Revolution.
It became Scotland’s largest bank for a brief period following its 1920 acquisition by Midland Bank and subsequent merger with North of Scotland Bank.
