RBS could net £655m from sale of international arm of Coutts

[eek]

If you have to put down 90% deposit, plus 5% mortgage, that's not a good deal to me. Also, where does the extra 5% come from?

Its 5% interest rate on mortgage 10% deposit.

versus 10% interest rate on loan with 40% deposit...

[TheFaQQer]

To buy a house you pay 5% mortgage - get 90% deposit.

If you have to put down 90% deposit, plus 5% mortgage, that's not a good deal to me. Also, where does the extra 5% come from?

[BrilloPad]

If the government wants more domestic lending, why not expand help to buy?

As for business lending, forget it. I was looking to buy a hotel in North Wales. Effectively a large house. To buy a house you pay 5% mortgage - get 90% deposit. As a hotel, its 10% mortgage, 40% deposit plus business plan.

There needs to be same interest rate between business and personal lending.

[Martin@AS Financial]

"Royal Bank of Scotland has confirmed it is considering selling the international arm of its private bank Coutts, a deal one source said could net it as much as $1bn, as the government leans on it to focus more on domestic lending"

RBS could net £655m from sale of international arm of Coutts | Business | The Guardian