What is a Private Bank and Why Choose One?
A private bank offers tailored financial services to affluent clients. Unlike mainstream banks, they look beyond standard payslips and consider your full wealth profile, including assets, investments, and overseas income.
Benefits of a Private Bank Mortgage UK:
- Tailored affordability assessments for complex income
- Higher borrowing limits than mainstream lenders
- Flexible repayment terms, including interest-only
- Exclusive mortgage products for wealthy clients
- Dedicated relationship managers
Recent Coutts Mortgage UK Changes
Coutts has announced immediate changes to its Residential Stress Rates used for mortgage affordability checks:
- 5–10 year terms: Stress rate reduced to 6.75% (unless product rate is higher)
- Under 5 year terms: Stress rate reduced to 6.96% (unless product rate is higher)
These apply to all new residential applications. Applications in progress will continue on the old stress rate.
Coutts Base Rate Reduction
Following the Bank of England’s 0.25% Base Rate cut to 4%, Coutts has reduced its own base rate for mortgages by the same amount, now 4% for tracker mortgage products from the 8th August.
Why This Matters for High Net Worth Mortgage Clients
If you are seeking a high net worth mortgage, these changes could mean:
- Increased borrowing potential
- More flexible mortgage structuring
- Lower potential payments on tracker products
Get Expert Help with Your Private Bank Mortgage UK
At Oportfolio Mortgages, we specialise in arranging private bank mortgages UK with institutions like Coutts. We know how to present your finances to secure the most favourable terms. Contact us today for a confidential consultation about securing your high net worth mortgage with a trusted private bank lender.
Private Bank Mortgages – FAQ
1. What is a private bank mortgage UK?
A private bank mortgage UK is a bespoke home loan for affluent borrowers, offering flexible terms and high-value lending.
2. Who can get a Coutts mortgage UK?
Those with substantial assets, high incomes, or complex financial arrangements. Speak with a broker for eligibility.
3. What are mortgage stress rates?
The rate used to test whether you could still afford your mortgage if interest rates rose.
4. How does the Coutts Base Rate affect my mortgage?
It determines tracker product interest rates – now reduced to 4% from August 2025.
5. Why use a broker for a private bank mortgage UK?
Brokers can negotiate bespoke terms and access exclusive products unavailable to the public.
6. Can a private bank mortgage UK help if my income is complex?
Yes, ideal for income from dividends, bonuses, or international earnings.
