13/08/2024
1 of 4
Mortgage Rates – as of 14
th
August 2024
Residential Rates
Product
Max LTV
Initial Rate
Follow on Variable Rate
Arrangement Fee
2 year Fixed
≤ 60%
4.99%
7.50%
0.5% (£1k min, no max)
≤ 75%
5.09%
7.50%
0.5% (£1k min, no max)
≤ 85%
5.19%
7.50%
0.5% (£1k min, no max)
≤ 90%
5.29%
7.50%
0.5% (£1k min, no max)
5 year Fixed
≤ 60%
4.74%
7.50%
0.5% (£1k min, no max)
≤ 75%
4.84%
7.50%
0.5% (£1k min, no max)
≤ 85%
4.94%
7.50%
0.5% (£1k min, no max)
≤ 90%
5.04%
7.50%
0.5% (£1k min, no max)
10 year Fixed
≤ 60%
4.84%
7.50%
0.5% (£1k min, no max)
≤ 75%
4.94%
7.50%
0.5% (£1k min, no max)
≤ 85%
5.04%
7.50%
0.5% (£1k min, no max)
≤ 90%
5.14%
7.50%
0.5% (£1k min, no max)
2 year Tracker
≤ 60%
1.04% + Base
7.50%
0.5% (£1k min, no max)
≤ 75%
1.14% + Base
7.50%
0.5% (£1k min, no max)
≤ 85%
1.24% + Base
7.50%
0.5% (£1k min, no max)
≤ 90%
1.34% + Base
7.50%
0.5% (£1k min, no max)
5 year Tracker
≤ 60%
1.34% + Base
7.50%
0.5% (£1k min, no max)
≤ 75%
1.44% + Base
7.50%
0.5% (£1k min, no max)
≤ 85%
1.54% + Base
7.50%
0.5% (£1k min, no max)
≤ 90%
1.64% + Base
7.50%
0.5% (£1k min, no max)
Short Term
Tracker
≤ 60%
1.74% + Base
N/A
0.5% (£1k min, no max)
≤ 75%
1.84% + Base
N/A
0.5% (£1k min, no max)
≤ 85%
1.94% + Base
N/A
0.5% (£1k min, no max)
≤ 90%
2.04% + Base
N/A
0.5% (£1k min, no max)
Offset 2 Year
Tracker
≤ 60%
1.54% + Base
8.00%
0.5% (£1k min, no max)
≤ 75%
1.64% + Base
8.00%
0.5% (£1k min, no max)
≤ 85%
1.74% + Base
8.00%
0.5% (£1k min, no max)
≤ 90%
1.84% + Base
8.00%
0.5% (£1k min, no max)
13/08/2024
2 of 4
Offset Short
Term Tracker
≤ 60%
2.49% + Base
N/A
0.5% (£1k min, no max)
≤ 75%
2.59% + Base
N/A
0.5% (£1k min, no max)
≤ 85%
2.69% + Base
N/A
0.5% (£1k min, no max)
≤ 90%
2.79% + Base
N/A
0.5% (£1k min, no max)
Mortgage
Reserve Account
≤ 75%
7.50% (Variable)
N/A
0.5% (£1k min, no max)
+£250 p.a.
Buy-to-Let Rates
Product
Max LTV
Initial Rate
Follow on Variable Rate
Arrangement Fee
2 year Fixed
≤ 60%
5.39%
7.50%
1% (£1k min, no max)
≤ 75%
5.49%
7.50%
1% (£1k min, no max)
5 year Fixed
≤ 60%
5.14%
7.50%
1% (£1k min, no max)
≤ 75%
5.24%
7.50%
1% (£1k min, no max)
10 year Fixed
≤ 60%
5.24%
7.50%
1% (£1k min, no max)
≤ 75%
5.34%
7.50%
1% (£1k min, no max)
2 year Tracker
≤ 60%
1.44% + Base
7.50%
1% (£1k min, no max)
≤ 75%
1.54% + Base
7.50%
1% (£1k min, no max)
5 year Tracker
≤ 60%
1.74% + Base
7.50%
1% (£1k min, no max)
≤ 75%
1.84% + Base
7.50%
1% (£1k min, no max)
Short Term
Tracker
≤ 60%
2.14% + Base
N/A
1% (£1k min, no max)
≤ 75%
2.24% + Base
N/A
1% (£1k min, no max)
Offset 2 Year BRT
≤ 60%
1.94% + Base
8.00%
1% (£1k min, no max)
≤ 75%
2.04% + Base
8.00%
1% (£1k min, no max)
Offset Short
Term Tracker
≤ 60%
2.34% + Base
N/A
1% (£1k min, no max)
≤ 75%
2.44% + Base
N/A
1% (£1k min, no max)
13/08/2024
3 of 4
Important Information
Reversion & Base Rates
Rate p.a.
Coutts Base Rate
5.00%
Residential House Mortgage Rate
7.50%
Residential Offset House Mortgage Rate
8.00%
Buy-to-Let House Mortgage Rate
7.50%
Buy-to-Let Offset House Mortgage Rate
8.00%
Product Expiry Dates
2 year Fixed/Tracker
14/01/2027
5 year Fixed/Tracker
14/01/2030
10 year Fixed
14/01/2035
Early Repayment Charges
Product
Fee (%)
2 Year Fixed Rate
If repaid in Year 1
2% of amount repaid
If repaid in Year 2
1% of amount repaid
5 Year Fixed Rate
If repaid in Year 1
5% of amount repaid
If repaid in Year 2
4% of amount repaid
If repaid in Year 3
3% of amount repaid
If repaid in Year 4
2% of amount repaid
If repaid in Year 5
1% of amount repaid
10 Year Fixed Rate
If repaid in Years 1-4
7% of amount repaid
If repaid in Years 5
6% of amount repaid
If repaid in Years 6
5% of amount repaid
If repaid in Years 7
4% of amount repaid
If repaid in Years 8
3% of amount repaid
If repaid in Years 9
2% of amount repaid
If repaid in Years 10
1% of amount repaid
13/08/2024
4 of 4
Green Mortgage Discount
The Green Mortgage Discount is a product feature and covers new business, further advances and mid-term rate changes
and applies to both Residential and Buy-to-Let mortgages.
A Green Mortgage Discount is provided if one of the following applies:
1. For new purchases or external re-mortgages where property has EPC rating of A or B, client is eligible for an
arrangement fee discount of up to £2,000.
2. When a client improves their home’s EPC rating to C or above within 24 months of drawdown, client is eligible for a
refund of up to £2,000 of their arrangement fee.
3. End of term renewals where property has EPC rating of A or B, client is eligible for an arrangement fee discount of up
to £2,000. This includes:
• Clients who have come to the end of their contractual term and wish to extend.
• Clients who are part way through their mortgage term and wish to extend the mortgage limit expiry date.
*The fee discount will never be more than the arrangement fee charged and must be discussed with the Business
Development team first to ensure full criteria is met.
