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Lending Criteria and

Mortgage Rates

The basic eligibility criteria for Coutts mortgages are detailed below, along with the various rates for our range of mortgage products.

This site is only for use by mortgage intermediaries who are authorised to provide mortage advice.
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YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Lending

Criteria

Find out more about Coutts basic eligibility lending criteria and mortgage rates. Applicants will require a Coutts Current Account to be eligible for a mortgage.

The basic eligibility criteria for Coutts mortgages are detailed below:

  • The applicant must be a Coutts client (i.e. have a Coutts Current Account) aged 18 or over
  • The purpose of the mortgage must be:
    • To purchase or make improvements to the client’s principal residence or a second home
    • To raise capital from equity for long-term personal and business requirements
  • The minimum term is 2 years and the maximum is 25 years or to age 65
  • The minimum loan for new clients should exceed £1m
  • We must have first legal charge over the property. In the case of our Mortgage Reserve Account, this must be the client’s main residence – second mortgages are not permitted

Maximum Loan to Value

  • Sterling: up to 85% for residential owner or up to 70% if the property is to be let
  • Mortgage Reserve Account: up to 75%

Please see our Tariff of Mortgage charges

Mortgage

Rates

  • Overpayments: Our fixed rate mortgages have an annual overpayment allowance that allows you to overpay a maximum of 10% of your outstanding mortgage balance on an annual basis, (commencing from the date your mortgage is drawn), until the end of this rate without incurring an Early Repayment Charge.

    2 Year Fixed Rate
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    2
    Years
    2.39% UNTIL 31 January 2021
    3.75% 3.7% APRC
    Up to 60% depending on property valuation and repayment method. 0.50% (minimum £1,000)

    2% of amount repaid in year 1

     

    1% of amount repaid in year 2

    2 Years 2.39% UNTIL 31 January 2021 3.75% 3.7% APRC Up to 75% Depending on Property valuation and repayment method 0.50% (minimum £1,000)

    2% of amount repaid in year 1

     

    1% of amount repaid in year 3

    2 Years 2.54% UNTIL 31 January 2021 3.75% 3.7% APRC Up to 85% Depending on Property valuation and repayment method 0.50% (minimum £1,000)

    2% of amount repaid in year 1

     

    1% of amount repaid in year 4

    REPRESENTATIVE EXAMPLE:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a fixed rate for 2 years at 2.39%  and then on our variable house mortgage rate of 3.75% for the remaining 23 years would require 27 monthly payments of £1,494.72 and 272 monthly payments of £2,349.59 and one final payment of £382.62 . The total amount payable would be £1,433,703.54 made up of the loan amount plus interest (£679,828.54) and a product fee (£1,875)and a valuation fee (£2000) the overall cost for comparison is 3.7% APRC representative.

    5 Year Fixed Rate
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    5
    Years
    2.64% UNTIL 31 January 2024
    3.75% 3.5% APRC Up to 60% depending on property valuation and repayment method. 0.50% (minimum £1,000)

    5% of amount repaid in year 1

     

    4% of amount repaid in year 2

     

    3% of amount repaid in year 3

     

    2% of amount repaid in year 4

     

    1% of amount repaid in year 5

    5
    Years
    2.64% UNTIL 31 January 2024
    3.75% 3.5% APRC Up to 75% depending on property valuation and repayment method. 0.50% (minimum £1,000)

    5% of amount repaid in year 1

     

    4% of amount repaid in year 2

     

    3% of amount repaid in year 3

     

    2% of amount repaid in year 4

     

    1% of amount repaid in year 6

    5
    Years
    2.79% UNTIL 31 January 2024
    3.75% 3.6% APRC Up to 85% depending on property valuation and repayment method. 0.50% (minimum £1,000)

    5% of amount repaid in year 1

     

    4% of amount repaid in year 2

     

    3% of amount repaid in year 3

     

    2% of amount repaid in year 4

     

    1% of amount repaid in year 7

    Representative example:

    An interest only mortgage of £750,000 payable over 25 years initially on a fixed rate for 5 years at 2.64%  and then on our variable house mortgage rate of 3.75% for the remaining 20 years would require 63 monthly payments of £1,651.03 and 236 monthly payments of £2,349.34 and one final payment of £880.22 . The total amount payable would be £1,413,214.35 made up of the loan amount plus interest (£659,339.35) and a product fee (£1,875)and a valuation fee (£2000) the overall cost for comparison is 3.5% APRC representative.

    10 Year Fixed Rate
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    10
    Years
    3.34% UNTIL 31 January 2029
    3.75% 3.6% APRC Up to 60% depending on property valuation and repayment method. 0.50% (minimum £1,000)

    7% of amount repaid in years 1-4

     

    6% of amount repaid in year 5

     

    5% of amount repaid in year 6

     

    4% of amount repaid in year 7

     

    3% of amount repaid in year 8

     

    2% of amount repaid in year 9

     

    1% of amount repaid in year 10

    10
    Years
    3.34% UNTIL 31 January 2029
    3.75% 3.6% APRC Up to 75% depending on property valuation and repayment method. 0.50% (minimum £1,000)

    7% of amount repaid in years 1-4

     

    6% of amount repaid in year 5

     

    5% of amount repaid in year 6

     

    4% of amount repaid in year 7

     

    3% of amount repaid in year 8

     

    2% of amount repaid in year 9

     

    1% of amount repaid in year 10

    10
    Years
    3.49% UNTIL 03 January 2029
    3.75% 3.7% APRC Up to 85% depending on property valuation and repayment method. 0.50% (minimum £1,000)

    7% of amount repaid in years 1-4

     

    6% of amount repaid in year 5

     

    5% of amount repaid in year 6

     

    4% of amount repaid in year 7

     

    3% of amount repaid in year 8

     

    2% of amount repaid in year 9

     

    1% of amount repaid in year 10

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a fixed rate for 10 years at 3.34%  and then on our variable house mortgage rate of 3.75% for the remaining 15 years would require 123 monthly payments of £2,088.78 and 176 monthly payments of £2,346.84 and one final payment of £1,948.58 . The total amount payable would be £1,425,787.36 made up of the loan amount plus interest (£671,912.36) and a product fee (£1,875)and a valuation fee (£2000) the overall cost for comparison is 3.6% APRC representative.

  • 2 Year Base Rate Tracker
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    2
    Years
    Base rate + 1.49% until 31 January 2021 3.75% 3.6% APRC Up to 60% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    No Early Repayment Charge
    2
    Years
    Base rate + 1.49% until 31 January 2021 3.75% 3.6% APRC Up to 75% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    No Early Repayment Charge
    2
    Years
    Base rate + 1.64% until 31 January 2021 3.75% 3.7% APRC Up to 85% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    No Early Repayment Charge

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a tracker rate for 2 years at 1.49%  + base rate and then on our variable house mortgage rate of 3.75% for the remaining 23 years would require 27 monthly payments of £1,400.91 and 272 monthly payments of £2,350.09 and one final payment of £159.54 . The total amount payable would be £1,431,083.59 made up of the loan amount plus interest (£677,208.59) and a product fee (£1,875)and a valuation fee (£2000) the overall cost for comparison is 3.6% APRC representative.

    5 Year Base Rate Tracker
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    5
    Years
    BASE RATE + 1.89% until 31 January 2024 3.75% 3.5% APRC Up to 60% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    No Early Repayment Charge
    5
    Years
    BASE RATE + 1.89% until 31 January 2024 3.75% 3.5% APRC Up to 75% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    No Early Repayment Charge
    5
    Years
    BASE RATE + 2.04% until 31 January 2024 3.75% 3.6% APRC Up to 85% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    No Early Repayment Charge

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a tracker rate for 5 years at 1.89%  + base rate and then on our variable house mortgage rate of 3.75% for the remaining 20 years would require 63 monthly payments of £1,651.03 and 236 monthly payments of £2,349.34 and one final payment of £880.22 . The total amount payable would be £1,413,214.35 made up of the loan amount plus interest (£659,339.35) and a product fee (£1,875)and a valuation fee (£2000) the overall cost for comparison is 3.5% APRC representative.

  • Overpayments: Our fixed rate mortgages have an annual overpayment allowance that allows you to overpay a maximum of 10% of your outstanding mortgage balance on an annual basis, (commencing from the date your mortgage is drawn), until the end of this rate without incurring an Early Repayment Charge.

    Mortgage Reserve Account: 2 Year Fixed Rate
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Annual Fee Early repayment charge
    2
    Years
    2.39% until 31 January 2021
    3.75% 3.7% APRC Up to 60% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    £250

    2% of amount repaid in year 1

     

    1% of amount repaid in year 2

    2
    Years
    2.39% until 31 January 2021
    3.75% 3.7% APRC Up to 75% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    £250

    2% of amount repaid in year 1

     

    1% of amount repaid in year 2

    Representative example:

    An Interest Only Mortgage Of £750,000 Payable Over 25 Years Initially On A Fixed Rate For 2 Years At 2.39 % And then on our Variable Mortgage Reserve Account Rate Of 3.75% For The Remaining 23 Years Would Require OneInitial Interest Payment Of £2,799.25 Followed By 8 Quarterly Payments Of £4484.47 On The Fixed Rate, Followed By One Payment Of £1741.66 And 92 Quarterly Payments (Maximum £7,089.04) And One Final Payment Of £1741.66 On The Variable Rate.  The Total Amount Payable Would Be £1440712.9 Made Up Of The Loan Amount Plus Interest (£680,587.90), A Product Fee (£1,875.00), A Valuation Fee (£2,000.00) And An Annual Fee (£250). The Overall Cost For Comparison Is 3.7% Aprc Representative.

    Mortgage Reserve Account: 5 Year Fixed
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Annual Fee Early repayment charge
    5
    Years
    2.64% until 31 January 2024
    3.75% 3.6% APRC Up to 60% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    £250

    5% of amount repaid in year 1

     

    4% of amount repaid in year 2

     

    3% of amount repaid in year 3

     

    2% of amount repaid in year 4

     

    1% of amount repaid in year 5

    5
    Years
    2.64% until 31 January 2024
    3.75% 3.6% APRC Up to 75% depending on property valuation and repayment method. 0.50% (minimum £1,000)
    £250

    5% of amount repaid in year 1

     

    4% of amount repaid in year 2

     

    3% of amount repaid in year 3

     

    2% of amount repaid in year 4

     

    1% of amount repaid in year 5

    Representative example:
     

    An Interest Only Mortgage Of £750,000 Payable Over 25 Years Initially On A Fixed Rate For 5 Years At 2.64 % And Then On Our Variable Mortgage Reserve Account Rate Of 3.75% For The Remaining 20 Years Would Require One Initial Payment Of £3092.05 followed by 20 quarterly payments of £4952.53 on the fixed rate, Followed by 80 Quarterly Payments (Maximum £7089.04) and one final payment of £1901.73 On The Variable Rate.  The Total Amount Payable Would Be £1,419,965.61 Made Up Of The Loan Amount Plus Interest (£659,840.61), A Product Fee (£1,875.00), A Valuation Fee (£2,000.00) And An Annual Fee (£250). The Overall Cost For Comparison Is 3.6% Aprc Representative.

    Mortgage Reserve Account: Variable Rate

    Rate
    Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Annual Fee Early repayment charge

    3.75%  
    3.75% 3.9% APRC Up to 75% depending on property valuation and repayment method. 0.50% (minimum £2,000)
    £250 No Early Repayment Charge

    Representative example:

    An interest only mortgage of £750,000 payable over 25 years on our variable mortgage reserve account rate of 3.75% would require one initial interest payment of £7089.04 followed by 98 quarterly payments (maximum £7089.04) and one final payment of £6934.93. The total amount payable would be £1,465,337.36 made up of the loan amount plus interest (£703,587.36), a product fee (£3,750), a valuation fee (£2,000) and an annual fee (£250). The overall cost for comparison is 3.9% APRC representative.

  • Investment Property Loan: 2 Year Base Rate Tracker
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    2
    Years
    Base rate + 1.79% until 31 January 2021 5.00% 4.8% APRC Up to 60% depending on property valuation and repayment method. 1% (minimum £1,000)
    No Early Repayment Charge
    2
    Years
    Base rate + 1.79% until 31 January 2021 5.00% 4.8% APRC Up to 70% depending on property valuation and repayment method. 1% (minimum £1,000)
    No Early Repayment Charge

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a tracker rate for 2 years at 1.79%  + base rate and then on our variable house mortgage rate of 5% for the remaining  years would require 27 monthly payments of £1,588.53 and 271 monthly payments of £3,135.91 and one final payment of £1,511.27 . The total amount payable would be £1,649,983.19 made up of the loan amount plus interest (£894,233.19) and a product fee (£3,750)and a valuation fee (£2000) the overall cost for comparison is 4.8% APRC representative.

    Investment Property Loan: 5 Year Base Rate Tracker
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    5
    Years
    Base rate + 2.19% until 31 January 2024 5.00% 4.5% APRC Up to 60% depending on property valuation and repayment method. 1% (minimum £1,000)
    No Early Repayment Charge
    5
    Years
    Base rate + 2.19% until 31 January 2024 5.00% 4.5% APRC Up to 70% depending on property valuation and repayment method. 1% (minimum £1,000)
    No Early Repayment Charge

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a tracker rate for 5 years at 2.19%  + base rate and then on our variable house mortgage rate of 5% for the remaining  years would require 63 monthly payments of £1,838.66 and 235 monthly payments of £3,135.41 and one final payment of £2,788.70 . The total amount payable would be £1,611,195.63 made up of the loan amount plus interest (£855,445.63) and a product fee (£3,750)and a valuation fee (£2000) the overall cost for comparison is 4.5% APRC representative.

    Overpayments: Our fixed rate mortgages have an annual overpayment allowance that allows you to overpay a maximum of 10% of your outstanding mortgage balance on an annual basis, (commencing from the date your mortgage is drawn), until the end of this rate without incurring an Early Repayment Charge.

    Investment Property Loan: 2 Year Fixed Rate
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    2
    Years
    2.69% until 31 January 2021 5.00% 4.8% APRC Up to 60% depending on property valuation and repayment method. 1% (minimum £1,000)

    2% of amount repaid in year 1

     

    1% of amount repaid in year 2

    2
    Years
    2.69% until 03 January 2021 5.00% 4.8% APRC Up to 70% depending on property valuation and repayment method. 1% (minimum £1,000)

    2% of amount repaid in year 1

     

    1% of amount repaid in year 2

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a fixed rate for 2 years at 2.69%  and then on our variable house mortgage rate of 5% for the remaining  years would require 27 monthly payments of £1,682.28 and 271 monthly payments of £3,135.34 and one final payment of £1,815.56 . The total amount payable would be £1,652,664.26 made up of the loan amount plus interest (£896,914.26) and a product fee (£3,750)and a valuation fee (£2000) the overall cost for comparison is 4.8% APRC representative.

    Investment Property Loan: 5 Year Fixed Rate
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    5
    Years
    2.94% until 31 January 2024 5.00% 4.5% APRC Up to 60% depending on property valuation and repayment method. 1% (minimum £1,000)

    5% of amount repaid in year 1

     

    4% of amount repaid in year 2

     

    3% of amount repaid in year 3

     

    2% of amount repaid in year 4

     

    1% of amount repaid in year 5

    5
    Years
    2.94% until 31 January 2024 5.00% 4.5% APRC Up to 70% depending on property valuation and repayment method. 1% (minimum £1,000)

    5% of amount repaid in year 1

     

    4% of amount repaid in year 2

     

    3% of amount repaid in year 3

     

    2% of amount repaid in year 4

     

    1% of amount repaid in year 5

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a fixed rate for 5 years at 2.94%  and then on our variable house mortgage rate of 5% for the remaining  years would require 63 monthly payments of £1,838.66 and 235 monthly payments of £3,135.41 and one final payment of £2,788.70 . The total amount payable would be £1,611,195.63 made up of the loan amount plus interest (£855,445.63) and a product fee (£3,750)and a valuation fee (£2000) the overall cost for comparison is 4.5% APRC representative.

    Investment Property Loan: 10 Year Fixed Rate
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    10
    Years
    3.64% until 31 January 2029 5.00% 4.4% APRC Up to 60% depending on property valuation and repayment method. 1% (minimum £1,000)

    7% of amount repaid in years 1-4

     

    6% of amount repaid in year 5

     

    5% of amount repaid in year 6

     

    4% of amount repaid in year 7

     

    3% of amount repaid in year 8

     

    2% of amount repaid in year 9

     

    1% of amount repaid in year 10

    10
    Years
    3.64% until 31 January 2029 5.00% 4.4% APRC Up to 70% depending on property valuation and repayment method. 1% (minimum £1,000)

    7% of amount repaid in years 1-4

     

    6% of amount repaid in year 5

     

    5% of amount repaid in year 6

     

    4% of amount repaid in year 7

     

    3% of amount repaid in year 8

     

    2% of amount repaid in year 9

     

    1% of amount repaid in year 10

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a fixed rate for 10 years at 3.64%  and then on our variable house mortgage rate of 5% for the remaining  years would require 123 monthly payments of £2,276.41 and 176 monthly payments of £3,133.22 and one final payment of £1,411.29 . The total amount payable would be £1,588,606.44 made up of the loan amount plus interest (£832,856.44) and a product fee (£3,750)and a valuation fee (£2000) the overall cost for comparison is 4.4% APRC representative.

    Offset 2 Year Base Rate Tracker
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    2
    Years
    Base rate + 2.59% until 31 January 2021
    5.75% 5.6% APRC up to 60% depending on property valuation and repayment method.
    1% (minimum £1,000)
    No Early repayment charge
    2
    Years
    Base rate + 2.59% until 31 January 2021
    5.75% 5.6% APRC up to 70% depending on property valuation and repayment method.
    1% (minimum £1,000)
    No Early repayment charge

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a tracker rate for 2 years at 2.59%  + base rate and then on our variable house mortgage rate of 5.75% for the remaining  years would require 27 monthly payments of £2,088.78 and 271 monthly payments of £3,605.34 and one final payment of £1,697.97 . The total amount payable would be £1,790,892.17 made up of the loan amount plus interest (£1,035,142.17) and a product fee (£3,750)and a valuation fee (£2000) the overall cost for comparison is 5.6% APRC representative.

  • Offset 2 Year Base Rate Tracker
    Term Rate Follow on rate (Variable) Overall cost for comparison Maximum LTV
    Product Fee Early repayment charge
    2
    Years
    Base rate + 1.99% until 31 January 2021

    4.25% 4.2% APRC
    up to 60% depending on property valuation and repayment method.
    0.50% (minimum £1,000)
    No Early repayment charge
    2
    Years
    Base rate + 1.99% until 31 January 2021

    4.25% 4.2% APRC
    up to 75% depending on property valuation and repayment method.
    0.50% (minimum £1,000)
    No Early repayment charge
    2
    Years
    Base rate + 2.14% until 31 January 2021

    4.25% 4.2% APRC
    up to 85% depending on property valuation and repayment method.
    0.50% (minimum £1,000)
    No Early repayment charge

    Representative example:
     

    An interest only mortgage of £750,000 payable over 25 years initially on a tracker rate for 2 years at 1.99%  + base rate and then on our variable house mortgage rate of 4.25% for the remaining  years would require 27 monthly payments of £1,713.59 and 272 monthly payments of £2,663.03 and one final payment of £202.15 . The total amount payable would be £1,524,688.24 made up of the loan amount plus interest (£770,813.24) and a product fee (£1,875)and a valuation fee (£2000) the overall cost for comparison is 4.2% APRC representative.