The Royal Bank of Scotland Group (RBS) includes several well-known mortgage lenders, such as Direct Line and NatWest. In addition, RBS offers a wide selection of its own mortgage products.
A range of fixed rate mortgages from 5.79% give borrowers the security of monthly repayments. Discount variable mortgages may be competitive for borrowers with a certain amount of give and take. The RBS Flexible Choice mortgage gives borrowers the option of making over-payments or taking a payment break.
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About RBS Mortgages
There are 19 different residential mortgages in the Royal Bank Of Scotland range, and several of them are more competitive than you'll find elsewhere in the RBS group.
For example, although like most lenders RBS has reduced its Loan-To-Value ratios, it is one of the only lenders still offering an interest rate under 6% on a fixed rate mortgage up to 90% LTV. This product, fixed at 5.99% for 2 years, has a booking fee of £999 and no extended tie-in.
RBS also still has a 95% mortgage on offer, although the lowest interest rates—from 5.79%—are for LTVs below 75%.
Alternatively, you could opt for a slightly higher rate but a longer fixed period. For example, a 5-year fixed rate of 6.14% also includes a host of extras such as valuation and legal fees and 3 months' free accident, sickness and unemployment insurance.
If you can afford some variance in interest repayments, you might get better value still from a discounted variable rate. A full-term variable deal is available at 6.2% – and eligibility on this deal goes up to 90% LTV, with no Higher Lending Charge.
RBS Remortgages
Remortgage packages from RBS are slightly different to purchase packages, although not by much. There are fixed rate remortgages available from 5.89%, and 13 other dedicated remortgage packages going right up to 95% Loan-To-Value.
Choosing an RBS Mortgage
What is the quickest way to compare RBS's best deals with others from across the marketplace? After all: there are 109 lenders out there, all with different terms and conditions, not to mention interest rates.
We suggest that the smartest way of finding out if RBS mortgages (or any other mortgage/lender for that matter) are suitable for you is by speaking to an FSA-qualified, unbiased mortgage adviser.
They will give you a free call back with a market-wide comparison of deals suited to your circumstances. There's no obligation from using this service, it is simply a way to help you choose a deal.
Use the secure, 1-minute enquiry form to get unbiased advice and a personal quote, representative of the whole of market, with no strings attached.