Royal Bank mortgages are available to over 18s. Your home may be repossessed if you do not keep up repayments on your mortgage.
Getting organised before you apply
It's a good idea to get things in order before you apply for a mortgage and find your new home. There are a few things you can do to make the process smoother.
Are you on the electoral roll?
Review your credit file
If you think information on your file is wrong, ask your bank to correct it or challenge it with the credit reference agency. Errors on your credit file can lead to your application being rejected. You can find more information about improving your credit file on the MoneyHelper website.
Get your paperwork ready
When you apply for a mortgage, lenders will look at your income and outgoings. To prove your income you’ll usually need to show pay slips and bank statements from the last 3 months. If you’re self-employed, you'll need copies of your tax returns and business accounts, all prepared by an accountant.
Make regular card payments
Make sure you avoid missing card payments or paying late by setting up direct debits. Too much credit could have a negative effect so make sure you cancel any unused cards.
Be prepared for the future
Are you thinking of starting a family sometime soon? Would you still be able to afford your mortgage payments if your income changed?
Think about how any future changes in income or interest rates could affect your ability to make your mortgage payments.
Three key steps to your mortgage
Compare mortgage rates
Use our mortgage calculator to compare rates and monthly repayments and see what works for you.
Before you apply for a mortgage
Get an Agreement in Principle to see how much we could lend you. It won't affect your credit score or credit file.
Check out our mortgage options
Once you've worked out what you can afford, see which mortgage could suit you. Royal Bank of Scotland mortgages are available for over 18s.