Your guide to the big move
Royal Bank of Scotland mortgages are available to over 18s. Your home may be repossessed if you do not keep up repayments on your mortgage.
All you need to know about moving home
Moving home can be a scary thought. But the more you know about it, the less scary it becomes. So we've put together the key things you'll need to know before taking the plunge.
What you need to know up front
How much could you borrow from us?
It depends on a lot of things. But we have two ways you can find out:
For a quick estimate try our mortgage borrowing calculator.
For a more accurate, personalised indication, get an Agreement in Principle.
What's an Agreement in Principle?
This is an indication of how much you may be able to borrow, based on the details you give us. It's not a full mortgage offer, but it shows sellers and agents that you're a serious buyer.
What you might need to know from us
Which mortgage is right for you?
It depends on your circumstances, how much you want to borrow and for how long. As a first step, read about our mortgages or talk to one of our mortgage advisors.
Can you get an interest only mortgage with us?
We do offer interest only mortgages, but only on buy to let mortgages or if you're porting over an existing interest only mortgage.
Can you add the product fee to your mortgage?
Usually you can. Product fees are sometimes referred to as arrangement, reservation or booking fees.
When will you have to repay your mortgage by?
Most people will want to pay off their mortgage before their retirement age. Depending on your income after you retire, we might be able to extend the term up until you're 70.
Good to know in advance
Planning on making improvements to your new home?
First, calculate how much your plans will cost. And don't overstretch yourself by doing too much at once. Your main options are:
- Borrowing on your mortgage. If you're with us, we may be able to add it onto the amount you're borrowing. You may wish to consider extending the term of your mortgage.
- Using some of the equity from the sale of your previous home. If this doesn't affect the deal you're looking to get, it might be an effective way to fund improvements.
- Your savings. This avoids interest charges, but try to keep some back for unexpected costs.
- A home improvement loan. To see rates and monthly repayments, try our loan calculator.
Representative 3.4% APR
This rate is available on loans between £7,500 and £19,950. Other loan amounts are available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.