Changes to LTV Parameters for Residential Mortgages
Mortgage lending continues to remain a key priority for the Private Banking lending proposition and we are pleased to announce some changes to LTV parameters.
These changes are based on your feedback and will enable us to support more clients by meeting their complex lending needs and our ambition of continued growth within the HNW market. These changes address both LTV levels and mandatory pay down requirements.
Key Changes
| Property Value | Interest Only | Change | Capital & Interest | Change | Higher LTV* |
| Up to £2.99m | 75% | – | 85% | – | 90% |
| Up to £4.99m | 75% | +10% | 75% | – | 85% |
| Up to £9.99m | 75% | +15% | 75% | +5% | 80% |
| Up to £29.99m+** | 50% | – | 60% | – | Under review |
*Higher LTV will remain within the current policy to have amortisation to IO within a certain time frame
**Note: LTV’s for Supper Prime Lending are currently under review and further changes will be announced in due course. Please contact us for any cases over £10m for case by case discussions for LTV
- These changes apply to any new mortgage requests with immediate effect
- Changes apply to residential mortgages only, excludes Buy to Let
If you would like to discuss any new cases which will be suitable for Coutts please don’t hesitate to contact me directly or contact our intermediary team couttsintermediaryteamreferrals@coutts.com
