Coutts has announced the temporary removal of three MCOB loan products from sale for new clients, effective from Monday, 31st July.
The affected products are the Tracker Loan, MCOB Bridging Loan, and Development Loans.
These products will remain available for existing Coutts clients, ensuring continued access for current customers.
The withdrawal is described as a temporary measure, with the bank planning to reintroduce these offerings in September 2023.
While the bank has not detailed the specific reasons behind this decision, in a note to brokers they committed to communicating with customers and partners when these products are back on sale.
