Remortgage guide
RBS mortgages are for over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Why remortgage?
If you've recently moved to the standard variable rate of your mortgage, it's likely to be more expensive than the starting rate. In that situation, a remortgage could reduce your monthly payments.
You may also want to borrow more on your mortgage and use that extra money to invest in home improvements, to release equity for another investment or to help children with further education.
Four steps to remortgaging
Before you start the remortgage process, there's a few steps to follow to make sure you remortgaging is right for you.
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1
Find out what your property is worth
Your new mortgage provider will need to know how much your current property is worth. They'll carry out a valuation, which might involve a surveyor but could be as simple as a drive-by valuation or using the internet to find out typical prices.
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2
Check out how much is left to pay
Look at your last mortgage statement to see how much is left to pay on your current mortgage. And if you move a mortgage to us from another provider, we'll pay your valuation and legal costs. (Exclusions apply.)
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3
Check for exit or repayment fees
You might have to pay fees if you leave or pay off your current mortgage. Check your paperwork and, if you're unsure, contact your mortgage provider to get the details.
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4
Compare our mortgage rates
Just enter a few details into our mortgage rate calculator to find out how much your monthly repayments might be. It only takes a few minutes and it could help you decide how much you would like to borrow.
How much could you borrow?
Do you already have a mortgage with us?
Maybe you're looking to move onto a better deal, or maybe you need access to some extra funds to carry out some much needed home improvements.
Find out how we can help you switch to a new deal.