Planning to buy a house but don’t not quite sure of your mortgage options?

Your lifelong dream of owning a property is within your reach with the help of the Royal Bank of Scotland First Time Buyer Mortgage.

In case you are interested in applying, continue reading to find out about the requirements for qualifying for this mortgage.

Planning to buy a house but don’t have the money? Royal Bank of Scotland Mortgage is your best option. Here's how to apply...
Royal Bank of Scotland Mortgage

Features and Benefits of a Royal Bank of Scotland Mortgage

The Royal Bank of Scotland offers clients a mortgage plan with competitive rates and manageable monthly repayments.

In this article, we’re going to dive into the perks of choosing the Royal Bank of Scotland First Time Buyer Mortgage.

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By the time you apply for a mortgage, you can get assisted in the amount you’re planning to loan, as well as the type of mortgage you require. For online applications, all integral information like FAQS can be accessed. You can also type in a specific question, and the answers will be available in seconds. If this isn’t helpful enough, though, you can always dial the hotline of the Royal Bank of Scotland for assistance.

Another reason to choose the Royal Bank of Scotland First Time Buyer Mortgage is the freedom to borrow about 95% of the total value of the property you wish to own. In addition, the mortgage is payable in a minimum of 3 years and maximum of 35 years. Applicants only need a minimum 5% deposit to get started with the mortgage.

The amount applicants can borrow depends on the income, outgoings and the total value of the property you are borrowing, but you have the opportunity to borrow for a property worth up to, but not more than, £600,000.

How to Apply for a Royal Bank of Scotland First Time Buyer Mortgage

The success of your application is based on whether you qualify. To apply, you must be at least 18 years old, employed, a UK resident, and have a steady stream of income. Note that RBS does not offer guarantor or multi-partner mortgage plans.

The process is easy and straightforward, plus the application can be done online. Applicants can upload, sign, and review the documents online, making the application paperless. If you choose to apply online, you’ll need to share information about your address, employment, and more.

There are three ways to apply for the mortgage: by phone, visiting a branch, or online through the Royal Bank of Scotland website. If you need thorough assistance, it may be better to visit a branch to meet with a mortgage adviser. This professional can give you intelligent advice on choosing the type of mortgage you need. Note that you need to make an appointment before walking into the branch.

Royal Bank of Scotland First Time Buyer Mortgage Fees and Charges

As with most payment plans and borrowing situations, this mortgage will come with some standard fees and charges. Note that this list of types of fees you may face is not comprehensive, and you can find more details by looking at their website or contacting a bank representative.

  • Solicitor’s fees
  • Valuation fees
  • Mortgage creation fee

Conclusion

Apply for the Royal Bank of Scotland First Time Buyer Mortgage if you want to borrow about 95% of your total home’s value. The interest is competitive, plus the process is easy and straight-forward. Start making your dreams happen one step at a time and apply for this mortgage today.

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