Royal Bank of Scotland mortgages are available to over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Helping you decide which mortgage is best for you
When you're looking for a home, not just any house will do. It needs to feel like home. And that’s the same for a mortgage. It's important to not just look at the balance and the mortgage term. Instead, think of your own personal situation and what’s right for you, for example, does a tempting low rate mortgage have a large product fee?
From fixed rate to interest only, we offer a whole range of mortgages.
Pay the same amount for a set period
The interest rate is fixed for this mortgage. So you’ll pay the same amount for a set period – e.g. two or five years.
This means you'll know exactly how much your payments will be, so you can plan a monthly budget to help keep your spending on track.
A variable rate for a set period
For a set period, often two, three or five years, your interest rate will rise and fall in line with another interest rate. This is typically the Bank of England’s base rate.
If the rate drops, your monthly payments will reduced but if the rate goes up, your mortgage payment will too.
Buy to let
If you want to buy a property and rent it out
Thinking of buying a property and renting it out? Then a buy to let mortgage could be right for you. Buy to let is similar to standard mortgages, but the interest rates tend to be higher. You may also have to put down a bigger deposit.
Buy to let mortgages can have fixed or tracker rates.
Other key mortgage types and terminology
Fixed and tracker mortgages are two of the most common mortgage types that you can apply for with us. However, there are other types of mortgages, that we may be able to offer, depending on your circumstances.
Interest only mortgage
When you have another repayment plan
You'll only pay the interest on your mortgage and nothing on the capital you borrowed. At the end of your term, you’ll still owe the full amount, so it’s important to have a repayment plan in place.
We don’t offer this type of mortgage to all our customers and specific terms and conditions may apply.
Standard variable rate
Is your initial rate term over or about to expire?
When your initial mortgage deal is over, the standard variable rate (SVR) is the rate that you'll move onto. Your monthly mortgage payments will also change.
If you don't want to go onto the SVR, you can shop around towards the end of your current deal, for another mortgage.
Planning your mortgage
Our mortgage calculators give you an indication of the type of mortgage you could get, based on your personal details and current circumstances.
Agreement in Principle
If you've seen the property you wish to buy, the next step is to get an AIP. This will show you if we may be able to lend you the amount you need.
First time buyer guide
We are here to help you on the journey to buying your first home. Our guide tells you everything you need to know to get on the property ladder.