Royal bank of Scotland

Founded in 1727, The royal bank of Scotland, or RBS is one of the retail banking subsidiaries of the Royal Bank of Scotland Group. With over 700 branches, it offers a wide range of services to help you with your mortgages.

RBS solicitors can Help you with:

Buying:

Whether you are a first-time buyer, an experienced buyer or a landlord, RBS offer a range of mortgage products and services that can help you for your house purchase.

RBS offer a range of schemes and offers for first time buyers, to help them get onto the property ladder and reduce the cost of buying a home. They offer:

• 95% mortgages
• Cashback mortgages
• Help to Buy: ISA

If you are looking to move into a new home, RBS offer a plethora of advantages;

• Track and manage your application online
• No product fee on selected mortgages
• RBS will pay your legal and valuation fees when you move your mortgage to them
• Paperless online application
• Borrow up to 95% of your home’s value
• Get cashback with your mortgage

If you are a landlord looking for a simple Buy-to-let mortgage, RBS is the perfect solution. They offer an excellent Buy-to Let mortgage, eligibility of which includes;

• A minimum deposit of 25%, or 35% on a new build property
• The property to be worth at least £50,000
• Your borrowing to be less than 3.5 M
• Your expected rental income to be at least 125% of the monthly interest payment

Re-mortgaging:

Whether you want to borrow more money against your home, or your current mortgage deal is due to finish, RBS provide expert solicitors that will guide you through your re-mortgage process.

Why do RBS provide have to select a panel for conveyancing solicitors?

RBS provide only work with a select panel of conveyancing solicitors. They regularly review the criterion for the conveyancing solicitors whom they work with to ensure that you receive the best possible service. Solicitors that are approved by RBS provide offer high standards of legal services by offering value for money, innovation and stellar legal advice.

Where are RBS conveyancing solicitors based? 

RBS conveyancing solicitors are located across England and Wales. They offer the best conveyancing services in the country and are highly accessible.

Does my conveyancing solicitor need to be on the panel for RBS?

Mortgage lenders are very strict with who they work with. Your conveyancing solicitor can carry out the work for you but will need to outsource the paperwork relating to your mortgage. There is a risk that this will slow down the chain.

Do I need to use a solicitor for my conveyancing? 

Most mortgage lenders insist that a professional does the paperwork. It is recommended that you use someone with an in-depth understanding of the process.

What happens if my conveyancing solicitor is not on the panel for my mortgage lender?

Some lenders will charge you extra. This can range between £250-£400 depending on the lender.