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Coutts cuts 10-year fix by 100bps

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Coutts has cut rates on its residential and buy-to-let range by up to 100 basis points.

A statement from the lender says it has made the reductions to “ensure competition with the market”.

For residential mortgages, Coutts is cutting rates on is two-year base rate tracker by 20bps to 1.74 per cent.

The lender’s two-year fixed rate has been reduced 40bps to 1.95 per cent.

Meanwhile Coutts’ five-year fix has been cut by 80bps to 2.19 per cent.

The lender’s 10-year fixed rate loan has been cut by 100bps to 2.99 per cent.

On the buy-to-let side, the lender is cutting its two- and five-year fixed rates by 20bps to 2.45 per cent and 3.09 per cent, respectively.

Coutts head of lending & capital management James Clarry says: “We have a proud history, spanning almost 300 years, of supporting our clients with reliable and expert lending, for their dream home, investment opportunities or advice on the most complex borrowing.”

Rate changes also apply to clients sister RBS-owned lender Adam & Company.

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