Currency Mortgage


If you are planning to buy a property in the UK or overseas, but your income is not paid in sterling, we may be able to provide a mortgage in the appropriate currency – enabling you potentially, to take advantage of rates lower than those available on sterling mortgages. Interest is calculated at a margin above the money market rate offered for that currency, usually fixed for a period of 6 or 12 months.

Suitable for:

All normal mortgage purposes, including remortgaging, acquiring a second home in the UK or overseas. Please note, however, that UK property must be used as security and that this type of mortgage is only suitable for clients with income and / or assets in a currency other than sterling.

You may need to provide additional security, or to reduce the amount of your borrowing, if exchange rate movements cause the sterling value of your currency borrowing to exceed a stated percentage of your property’s valuation.

Please contact your private banker / business development manager for further information.

Other features:

If you wish, we can provide a mortgage combining both sterling and your chosen currency, with interest on the sterling element also charged at the same margin above the money market rate offered.

Our Currency Mortgage is just one mortgage solution offered by Coutts. Whatever your mortgage requirements are, your private banker will be happy to discuss your needs.

For further information on mortgages – find out more.

To apply for a Coutts mortgage, you need to be a client of Coutts & Co in the UK and aged over 18. If you are already a client, please speak with your private banker.

If you wish to become a client, please complete our enquiry form and we will be in touch.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT