Royal Bank of Scotland Mortgages

RBS, or the Royal Bank of Scotland, is operated by the Royal Bank of Scotland Group, together with NatWest and Ulster Bank. RBS has some 700 branches, which are mainly located in Scotland, but also in larger towns and cities in England and Wales. RBS offers a wide range of banking services to business, private and public customers.

Yes, RBS offers mortgages to members of the public who are looking to buy their first home, move to a new house, borrow more money against their property or purchase a property as a buy-to-let investment.

Yes, you can opt to repay just the interest on your RBS mortgage if you meet certain criteria, which usually include borrowing at a lower loan-to-value etc. With an interest-only repayment mortgage you will still owe the entire mortgage amount at the end of the term, so you must have a plan in place for repaying the balance at the end of the term which is likely to be a condition of the mortgage contract and regularly check by the lender.

Yes, the RBS website has several calculators that enable prospective borrowers to find out how much they could borrow, depending on their earnings and deposit amount. They can also look at which mortgages they might be offered and how much their monthly repayments are likely to be.

You can get a mortgage agreement in principle on the RBS website before completing a full application online, in person at a branch, or over the phone. Whatever method you choose you will need to provide detailed evidence of your salary, your outgoings and other financial commitments, such as credit agreements.

You will also need proof of identity and address and may need to send this material off with your application or take it into a branch for verification.