Loan from Coutts: £1M+ property interview

[Diaa]

Has anyone applied for a high value loan (£1M+) from Coutts. Due to our unique financial situation-foreign income etc, our mortgage advisor has scheduled a meeting/our interview with a coutts banker. Any tips on what Coutts bankers are looking for during these interviews, what do they check for successful applicants and how can we make our case stronger?

 

[Longterminvestor]

There are a number of factors to consider. They will:-

• Hopefully take account of your world wide income - something high street banks shy away from
• The same with global assets
• Has the subject of AUM (assets under management) been mentioned yet

Private banks are much more flexible than their high street counterparts.

 

[FWL]

I tend to find that private banks are best suited to offer bespoke mortgages as they are not restricted like their high street counterparts.

 

[Longterminvestor]

Since the 2008 US mortgage crisis we have seen high street banks reducing their risk profile and creating a gap in the market that private banks such as Coutts are only too happy to fill.