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The Royal Bank of Scotland

ABOUT The Royal Bank of Scotland

The Royal Bank of Scotland is one of the world's leading financial service providers and one of the oldest banks in the UK.

It is now worth more than £9bn and includes in its assets a railway company and 900 branches across the world. Not bad for a bank that started out in 1727 in Edinburgh.

Following the takeover of National Westminster Bank in 2000, the Group has continued to grow its business around the globe and, in addition to its strong UK presence, it has offices in Europe, the USA and Asia.

By the end of 2002, it was the second largest bank in Europe and the fifth largest in the world by market capitalisation.

In the UK the Royal Bank's branch network spans the nation.

Its history is very much the history of banking in the British Isles over the past four centuries, as the Royal Bank can trace its roots back to the sixteenth century through the amalgamation of more than 200 private and joint stock banks which comprise its past and present constituents.

The Royal Bank of Scotland is a well established mortgage provider. By constantly changing their deals and products they continue to be one of the leading UK mortgage lenders.

There are different types of RBS mortgages and they include the following ways of structuring your repayments:

Fixed rates giving you certainty on your monthly repayments
Discounted mortgages give you breathing space in the early years
Flexible mortgages that allow you to make over-payments or take payment holidays

The Royal Bank of Scotland Mortgage Products

There are plenty of Discounted and Fixed rate Royal Bank of Scotland mortgage products. The main advantage of a Discounted mortgage are the initial low monthly repayments – a good incentive for first time buyers who want spare money to spend on their new home. After a set period the rate will revert to the RBS standard variable rate of interest. Fixed rate mortgages are set at a specific rate for an agreed period which gives you more security as you have no need to worry if rates increase. You can choose from 2 year and 5 year options. The RBS Flexible Choice mortgage allows you take a payment break of up to 6 months once you have made 6 months worth of payments. Interest will continue to be charged during this break though. You can borrow extra money at the same rate. The mortgage rate is guaranteed to be lower than the RBS standard variable rate – for the whole term of the mortgage. An Offset Flexible mortgage means that you can use the money in your current account and up to three saving accounts to pay less interest on your mortgage. However, unless you're a big saver, offsetting isn't that impressive. You can choose to make overpayments or make underpayments if you agree this with RBS first. Banks don't offer the best savings rate in the first place, so make sure it's of real value before signing up (the RBS site is honest and fair at explaining rates and fees). If you are interested in a mortgage quotation, including those offered by the Royal Bank of Scotland please complete our quick enquiry form Other mortgage services the Royal Bank of Scotland offers include: First time buyer Re-mortgage Offers Buy to Let Loans They also deal with Further Advances to existing Royal Bank of Scotland customers.
First Time Buyer Mortages: You can borrow up to 100% of your property value and there is no need for a deposit. Get 0.5% cash back on completion of your mortgage also a free valuation, reducing your up-front costs and giving you more money to spend on your new house. Choose from Discounted or Standard mortgage rates for your monthly repayments. An early repayment charge may apply (see product details) and also a higher lending charge. The minimum loan size is £25,000. Re-mortgage Offers: Royal Bank of Scotland offer free legal and valuation fees, reducing your up-front costs. They will even contact your current lender and arrange everything for you. You can choose from a range of Fixed and Discounted rate options. An early repayment charge may apply and an arrangement fee may be payable (see product details).

The Royal Bank of Scotland Mortgage Products

There are plenty of Discounted and Fixed rate Royal Bank of Scotland mortgage products.

The main advantage of a Discounted mortgage are the initial low monthly repayments – a good incentive for first time buyers who want spare money to spend on their new home. After a set period the rate will revert to the RBS standard variable rate of interest.

Fixed rate mortgages are set at a specific rate for an agreed period which gives you more security as you have no need to worry if rates increase. You can choose from 2 year and 5 year options.

The RBS Flexible Choice mortgage allows you take a payment break of up to 6 months once you have made 6 months worth of payments. Interest will continue to be charged during this break though. You can borrow extra money at the same rate. The mortgage rate is guaranteed to be lower than the RBS standard variable rate – for the whole term of the mortgage.

An Offset Flexible mortgage means that you can use the money in your current account and up to three saving accounts to pay less interest on your mortgage. However, unless you're a big saver, offsetting isn't that impressive. You can choose to make overpayments or make underpayments if you agree this with RBS first.

Banks don't offer the best savings rate in the first place, so make sure it's of real value before signing up (the RBS site is honest and fair at explaining rates and fees).

If you are interested in a mortgage quotation, including those offered by the Royal Bank of Scotland please complete our quick enquiry form

Other mortgage services the Royal Bank of Scotland offers include:

First time buyer
Re-mortgage Offers
Buy to Let Loans

They also deal with Further Advances to existing Royal Bank of Scotland customers.

First Time Buyer Mortages: You can borrow up to 100% of your property value and there is no need for a deposit. Get 0.5% cash back on completion of your mortgage also a free valuation, reducing your up-front costs and giving you more money to spend on your new house.

Choose from Discounted or Standard mortgage rates for your monthly repayments. An early repayment charge may apply (see product details) and also a higher lending charge. The minimum loan size is £25,000.

Re-mortgage Offers: Royal Bank of Scotland offer free legal and valuation fees, reducing your up-front costs. They will even contact your current lender and arrange everything for you. You can choose from a range of Fixed and Discounted rate options. An early repayment charge may apply and an arrangement fee may be payable (see product details).

Current Royal Bank of Scotland Mortgage Offers

The Royal Bank of Scotland Mortgage News
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