Royal Bank mortgages are available to over 18s. Your home may be repossessed if you do not keep up repayments on your mortgage.
Buying a home together
A joint mortgage is one of the most common ways to buy a property together, as it allows two (or sometime more) people to take out a mortgage to buy a property.
Royal Bank of Scotland only provides joint mortgages for two people.
Consider the pros and cons
- Buying with someone else can be a good way to get on the property ladder quicker than if you were buying alone
- You'll be able to combine your savings and have a bigger deposit
- You can split homebuying costs such as stamp duty and legal fees, as well as household bills.
- You'll need to decide on the best way to set up your joint mortgage legally
- You need to think about what happens if one of you defaults on the mortgage as in many cases you could both be responsible for any missed repayments
- It's important to buy a property with someone you trust to protect against this kind of situation.
The legal side of things
Tenancy in Common
Leaving a joint mortgage
If your circumstances change and you decide you want to leave a joint mortgage, the first thing to do is contact your lender to discuss the options available to you.
You can get more detail on the options available to you from MoneyHelper.
Finding the deal for you
Compare our rates and repayments
Look at the mortgage rates we offer and the monthly repayments to see what could work for your joint mortgage.
When you have a property in mind
See how much we could lend you with an Agreement in Principle. It won't affect your credit score as we use a soft credit check.