View more on these topics

Coutts cuts 10-year fix by 100bps


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.


National Counties and The Family pass on 0.25% BoE cut

The Family Building Society and National Counties Building Society are passing on the recent 0.25 per cent cut in Bank of England base rate to their customers. The Family Building Society’s managed mortgage rate will be reduced by 0.25 per cent on 25 September. National Counties’ standard variable rate will also be cut by 0.25 […]

Christine Lagarde 2013 700x450.jpg

IMF: Brexit could ‘erode’ London’s status as finance hub

The International Monetary Fund has warned London’s status as a global financial centre would be damaged by a vote to leave the European Union. In its annual report into the UK’s economy, the IMF says leaving the EU would have “a negative and substantial” effect on economic growth, while also hitting London’s attractiveness as a […]


Buy-to-Let Watch: Do your homework on student BTL

Student property is still a lucrative market but it is important to make your clients aware of the restrictions affecting it Can you believe it is already September?  Summer holidays are over (you can almost hear the sigh of relief from parents across the country) and this year’s crop of first-year students are packing their […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]


News and expert analysis straight to your inbox

Sign up