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Queen’s bank Coutts launches offset mortgage


Coutts has launched an offset select mortgage for residential and buy-to-let borrowers.

The loan lets clients fully offset up to 50 per cent of the mortgage balance. After that, every £1 offset deposit counts as 50p towards offsetting.

The loan is available with interest-only or capital and interest repayment options.

The product is available to individuals and non-charitable trusts as a two-year tracker pegged to Coutts’ base rate.

The minimum loan amount is £750,000.

Borrowers can choose up to 10 multi-currency deposits held by a Coutts-banked family member, or connection, to offset their mortgage balance.

Deposits will be held in a segregated account but and are accessible at all times. Any third parties are not liable for the mortgage.

Offset deposits can be held in either sterling, euros or US dollars.

The loan has no early repayment charges.

Coutts head of lending & capital management James Clarry says: “Offset mortgages are not commonplace across the private banking industry, however the launch of our offset select mortgage is in response to a demand from our clients who wish to make use of excess cash balances, including foreign currency deposits, to reduce the cost of their mortgage.”



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A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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