Royal Bank Of Scotland
The Royal Bank of Scotland is the retail arm of the Royal Bank of Scotland Group plc. The bank has a long history, with its early origins dating back to the 1700s. The ‘new’ Royal Bank of Scotland was chartered in 1727 and quickly became an integral part of the banking sector. To begin with there was a fierce rivalry with the Bank of Scotland, but eventually both banks realised such rivalry was mutually damaging.
Throughout the 19th century, the bank grew increasingly larger and by 1910 it had more than 150 branches. Today the British Government owns a significant share of the Royal Bank of Scotland Group in the wake of the financial crisis of 2007 and 2008. However, with more than 700 branches in Scotland and England, Royal Bank of Scotland remains a major player on the high street.
Royal Bank of Scotland offers a wide range of financial products for personal, private, business, corporate and international customers. These include day-to-day products such as current accounts, savings and credit cards, plus mortgages, insurance policies, travel, investment and loans.
First time buyers
can take advantage of low deposit Royal Bank of Scotland mortgages. The bank offers 5% deposit mortgage products, but in order to qualify for a first time buyer mortgage product first time buyers also have to meet certain eligibility criteria.
Royal Bank of Scotland has various mortgage products for customers wishing to move their mortgage to the bank. Customers with savings may wish to consider an offset flexible mortgage, as it will help them reduce the amount of interest they pay each month.
Existing Royal Bank of Scotland mortgage holders can manage their mortgage online or speak to the bank and switch to another product if their discount deal is coming to an end.