RBS: Royal Bank of Scotland Mortgages

See all the mortgages on offer from the Royal Bank of Scotland. See how the RBS product range compares side-by-side with other lenders using the search and compare tools below. Get the full product information from interest rates, charges and monthly mortgage costs.

Products:

Sorry, there are no products to display from this provider

Compare Mortgages

How would you rate this provider?

1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 4.00 out of 5)
Loading...

Royal Bank of Scotland (RBS) Mortgages

The Royal Bank of Scotland offer a range of mortgages solutions with rates at the lower end of spectrum. Choose any 'cashback' mortgage deal, apply with the RBS and they’ll pay £250 cashback to your solicitor on the day you drawdown your mortgage. The offer is only available on selected mortgages marked with ‘cashback’ and can be changed or withdrawn at any point. Early repayment charges may apply. Max LTV is 90%. You could borrow up to 95% of the value of the property you wish to purchase, with a deposit of at least 5% but less than 10%. The property you’re purchasing should be worth less than £600,000 and not a new build property. The mortgage solutions offered by the RBS include:

Fixed rate mortgages

With a fixed rate mortgage, the interest rate remains the same for a set period. This means that your mortgage payment would be the same amount every month during that period.

Benefits

  • Gives you certainty about your interest rate for a set period
  • Protection from interest rate rises for the fixed rate period

Tracker rate mortgages

A tracker mortgage is a type of variable rate mortgage where the interest rate tracks another rate such as the Bank of England Base Rate at a set margin above or below that rate.

Benefits

  • Rates can decrease in line with the rate that's being tracked
  • You may benefit from lower monthly costs compared to a fixed rate

Offset mortgages

An offset mortgage gives you the opportunity to offset credit balances on your current and savings accounts against your mortgage balance. This would reduce the amount of interest you are charged, whilst maintaining your monthly Direct Debit amount so that you will in effect make regular overpayments on your mortgage.

Benefits

  • You can make unlimited overpayments and move lender without paying any early repayment charges
  • It can be an efficient tax option for higher rate tax payers

Capital and Interest repayment

With a fixed rate mortgage, the interest rate remains the same for a set period of time. This means that your mortgage payment would be the same amount every month during that period.

Benefits

  • Gives you certainty about your interest rate for a set period of time
  • Protection from interest rate rises for the fixed rate period

Interest Only repayment

This is where you only pay the interest on your mortgage and nothing off the initial amount borrowed.

The Core Features of Royal Bank of Scotland (RBS) Mortgages

  • lots of fee-free deals
  • satisfactory for dealing with queries and complaints
  • offers some 100% mortgages for existing customers who are remortgaging
  • Rates are the same for both new and long-standing customers

How does it work?

Like most of their competitors, they do have a personalized mortgage application on their website, which has the impact on your credit rating, but does allow customers to see how much they would be able to borrow and at what rate.

The Royal Bank of Scotland provide online account management and the ability to manage your account on your mobile or tablet which means that you have control of the mortgage, and can keep an eye on your remaining balance.

After completing an application online, you will be granted an agreement in principle – this is not their final decision. Once The Royal Bank of Scotland have completed their credit assessment process and you’ve been accepted, the funds will then be transferred to the The Royal Bank of Scotland account specified on your application.

The Final Advice

The Royal Bank of Scotland have years of experience in dealing , however, it does seem that they have been providing their customers with less than perfect customer service. If you’ve got good credit and have been happy with your The Royal Bank of Scotland experience then it is worth investigating, but if you have any doubts at all that you’ll be accepted then shop around.


Lending Expert is a credit broker and comparison website, we're not a lender.

We bring together the very best financial providers and products from across the market place.

Warning: Late repayment can cause you serious money problems.
For help, go to moneyadviceservice.org.uk