4.67% RBS Equity Release – Royal Bank of Scotland Lifetime Mortgages 2024

• Remove tax-free cash from your property with RBS Equity Release
• You don’t need to make regular monthly payments
• Use the money to help your family
• Continue to live in your property
• 4.67% fixed for life
• Often used to help with tax planning

Fixed rate 4.67% for the life of the equity release scheme.

How much cash can I get?

You can borrow 70% of your home’s value. For example, if your home is worth £250000 you can release £175000.

Recently completed mortgage, equity release and lifetime mortgage cases

David P

With my power of attorney, I got an equity release on my father’s house to pay for disability provisions including a lift and a new kitchen.

Mr Smith from Kendal

My financial advisor told me that I should get equity release and gift money to my 5 children now as it would save a massive amount of inheritance tax.

William from London

I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could buy bigger homes and we bought a house in the south of France for us all to use as a holiday home.

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low interest rate close to 2% and competitive with normal mortgages you would get by providing income. I have saved a lot of tax.

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before.

Mr G from Kent

I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

Mrs E from London

I was advised to get equity release from my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid. No way his bank would lend him the money to buy a flat. My equity release enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to the interest rate offered by his bank.

Ms G from Dover

I divorced my husband who was a violent alcoholic. I really feared losing my home as I sometimes looked after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my home.

Mrs G from Leeds

My daughter is a single mother, and I got a £ 120,000-lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.

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Equity Release LTV – RBS Equity Release

The more elderly you are and the unhealthier you are, the more cash you can release with RBS Equity Release.

Aviva Retirement Mortgages

One Family

Just Drawdown Lifetime Mortgages

Canada Life Drawdown Lifetime Mortgages

Equity Release LTV

• 60% home reversion plans Fortify Insurance Solutions
• 30% loan to value home reversion plans Central Trust
• 50% loan to value home reversion schemes Age Concern

Pitfalls of Lifetime Mortgages

Home reversion plans can reduce the inheritance for your family. A monthly payment lifetime mortgage may impact the ability to claim benefits. You may need to pay a broker’s fee, and you could be exposed to changes in interest rates with some products.

Small business owners detail likely with equity to release from their homes

• Operation of gravel and sand pits; mining of clays and kaolin Banbury
• Motion picture distribution activities Crowborough
• Renting and leasing of air passenger transport equipment Helmsley
• Painting Polegate
• Other service activities n e c Tadcaster
• Architectural activities Wells-next-the-Sea
• Manufacture of knitted and crocheted fabrics Ambleside
• Licensed clubs Chertsey
• Manufacture of watches and clocks Shipston-on-Stour
• Other manufacturing n e c St Helens
• Production of cutlery Amersham
• Manufacture of fibre optic cables Horncastle
• Operation of rail freight terminals Bury St Edmunds
• Other food services in North Tawton
• Manufacture of locks and hinges South Kirkby and Moorthorpe
• Book publishing Bedworth
• Production of essential oils Burnham-on-Sea
• Manufacture of other ceramic products n e c Berkeley

It is often found to find people seeking out monthly payment lifetime mortgage, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release. However, Key Retirement like VitalityLife Equity Release is keen to see paperwork to show your circumstances in the form of investment statements.

Does RBS offer Equity Release?

Yes, the RBS Equity Release is 1.95% APRC.

Areas of the UK where Lifetime Mortgages are popular

• Colchester
• Pudsey
• Tenterden
• Northallerton
• Coulsdon
• Medlar-with-Wesham
• Totnes
• Fakenham
• Boroughbridge
• Crewkerne
• Painswick
• Ossett
• West Bedlington
• Chorleywood
• Masham
• New Romney
• Alnwick
• Bottesford

Providers for UK Equity Release

• Lifetime Mortgage from L&G
• Pure Retirement
• Just Retirement

• Lloyds Bank Equity Release Best Deals
• YBS Lifetime Mortgage Buy To Let
• Barclays Retirement Interest Only Mortgage Calculator
• Chorley and District Building Society house construction lifetime mortgages

Lifetime Mortgage Interest Rates Over 60 and Equity Release Rates Over 70

RBS Buy to Let Mortgage

The UK property market has consistently shown promise, making buy-to-let a favoured investment option. The Royal Bank of Scotland (RBS) offers a competitive buy-to-let mortgage range, catering specifically to landlords and property investors.

Features of RBS Buy-to-Let Mortgages

RBS offers both fixed and variable interest rates, with terms adjustable to the borrower’s needs. The ability to make overpayments on fixed-rate mortgages is a benefit, allowing for quicker property equity build-up. RBS also provides an online platform, “My RBS Mortgage,” where borrowers can manage their accounts efficiently.

RBS Equity Release

Equity release has grown in popularity among senior homeowners, and RBS provides bespoke solutions for this demographic. By releasing a portion of their property’s value, homeowners over 60 can access additional funds while still residing in their homes.

How Does RBS’s Equity Release Work?

RBS typically offers a lifetime mortgage as its primary equity release product. The loan and interest are repayable when the property is sold, typically when the owner moves into care or passes away.

Bank of Scotland Equity Release

Another significant player in the UK’s equity release landscape is the Bank of Scotland. Their equity release schemes cater to a broad range of homeowners, with a focus on flexible repayment options and competitive interest rates.

Equity Release Scotland Calculator

Before deciding on equity release, many homeowners turn to online calculators to gauge the potential loan amount. Both RBS and the Bank of Scotland offer equity release calculators, helping users determine how much they might release from their properties.

RBS Life Insurance Over Sixty

For those looking into financial planning and security, life insurance is a pivotal tool. RBS offers life insurance specifically tailored for those over sixty, ensuring that loved ones are financially protected.

Benefits and Coverage

RBS’s life insurance provides peace of mind with comprehensive coverage options, ensuring financial security for beneficiaries. Whether one is considering post-retirement activities or ensuring their family’s welfare, RBS’s life insurance over sixty offers a safety net.

Power of Attorney and RBS

Planning for the future may sometimes require assigning power of attorney. RBS supports its customers through this process, ensuring that their financial matters are handled with care and precision.

RBS’s Support for Power of Attorney

The bank provides guidance on how to set up a power of attorney for one’s accounts. This ensures that, if required, a trusted individual can handle financial matters on the account holder’s behalf.

Help to Buy with RBS

First-time homebuyers often face challenges in the property market. To assist them, RBS participates in the UK’s Help to Buy scheme, facilitating easier homeownership.

RBS’s Role in the Scheme

RBS offers specific mortgage products under the Help to Buy scheme, with a lower deposit requirement, enabling more individuals to enter the property market.

Equity Release in Scotland

Scotland, with its unique property landscape, has witnessed a surge in equity release products. Providers like RBS and the Bank of Scotland are at the forefront, offering solutions tailored for Scottish homeowners.

Equity Release Calculators for Scottish Properties

Given the nuances of the Scottish property market, specialized calculators, such as the “Lift Scheme Scotland Calculator,” provide accurate equity release estimates for homeowners in Scotland.

Contacting RBS for Mortgage and Loan Queries

Whether one has questions regarding their existing RBS mortgage, interest rates, or remortgage options, RBS provides multiple contact avenues.

RBS Helplines and Contact Numbers

For immediate assistance, customers can use the RBS free phone number or the RBS helpline. Moreover, there’s a dedicated RBS mortgage contact number, ensuring that mortgage-related queries are promptly addressed.

Branch Visits and Local RBS Outlets

RBS boasts a robust network of branches across the UK. Customers can visit branches such as RBS Colchester, RBS St Helens, or RBS Chorley to discuss their financial needs in person.

Bank of Scotland Locations

For those closer to the Bank of Scotland outlets, branches such as the Royal Bank of Scotland Colchester or the Royal Bank of Scotland Bury cater to a variety of banking and mortgage needs.

RBS Loan Rates and Calculators

RBS offers a suite of loans tailored for different purposes, each with competitive interest rates. Before application, customers can utilize tools like the RBS bank loans calculator or the RBS business loan calculator to understand potential repayments.

Additional RBS Services

Apart from its primary banking services, RBS provides a host of additional offerings. Services like the “Aviva phone insurance RBS” cater to customers’ mobile insurance needs.

Whether one is considering buy-to-let mortgages, equity release, or life insurance over 60, RBS and the Bank of Scotland stand as reliable financial partners in the UK’s landscape. The key is to undertake thorough research, seek advice, and make informed decisions that align with one’s financial goals.

• Halifax Equity Release Scheme
• Nationwide Lifetime Mortgage Maximum Ltv
• Yorkshire Bank Equity Release Interest Rates
• BISF Equity Release Best Deals
• Age Partnership Rates 2024

RBS Mortgages and Remortgaging

RBS Buy to Let

For those looking to invest in the property market as landlords, RBS’s Buy to Let mortgages offer bespoke options. Such mortgages are designed for properties that won’t be the owner’s primary residence but are rented out instead. With RBS’s competitive interest rates and a variety of term lengths, investors can tailor their mortgages to fit their investment strategies.

RBS Remortgage

Homeowners sometimes look to remortgage as a way to reduce monthly payments, release equity, or switch to a deal that better suits their current circumstances. RBS offers remortgaging services that are streamlined and customer-centric, ensuring that transitions between mortgage deals are as smooth as possible.

Exploring the Scottish Equity Release Landscape

Equity Release Scotland

Equity release is a particularly prominent financial solution in Scotland. It allows homeowners, especially the older generation, to tap into the wealth tied up in their property without the need to move. The equity funds released can be used for a myriad of purposes, such as supplementing retirement income, home renovations, or even as a financial gift to loved ones.

Equity Release in Scotland Calculator

Considering the unique aspects of Scotland’s property market, specific calculators have been developed to give homeowners an estimated amount they might release. RBS, among other banks, provides this tool, offering users clarity on potential equity release amounts.

RBS Customer Service and Accessibility

RBS Contact Options

RBS prioritizes its customers’ needs by ensuring multiple avenues for communication. Whether it’s queries about mortgages, loans, or other services, customers can reach out through dedicated phone lines, including the RBS free contact number.

Branch Accessibility

RBS maintains a strong physical presence across the UK with branches in numerous towns and cities. For those preferring face-to-face interactions, branches such as RBS Chorley, RBS Colchester, and RBS St Helens are equipped to provide comprehensive banking and financial advisory services.

RBS’s Digital Services

RBS Mortgage Calculator

Before deciding on a mortgage or remortgaging option, homeowners and investors can utilize RBS’s digital mortgage calculator. This tool provides insights into potential monthly repayments, interest rates, and the overall cost of the mortgage.

RBS Loan Calculator

For those looking to borrow, RBS’s loan calculator is an invaluable tool. By inputting desired loan amounts and terms, users can get an estimated monthly repayment amount, helping them plan their finances better.

Insurance and Financial Planning with RBS

Life Insurance for Over 60 with RBS

The golden years can be even more comforting with the right life insurance in place. RBS’s insurance policies for those over 60 are designed to provide security and peace of mind, ensuring that families and loved ones are financially cushioned.

RBS Financial Advice

Navigating the complexities of financial planning can be daunting. RBS offers expert financial advice to its customers, helping them make well-informed decisions about savings, investments, and future financial planning.

The financial journey of every individual is unique, and institutions like RBS play a pivotal role in ensuring these journeys are supported with robust services. From mortgages to equity release and from insurance to financial planning, RBS’s diverse offerings cater to the evolving needs of its clientele. As the landscape of UK finance continues to shift and grow, the importance of reliable banking partners becomes even more pronounced.

• Best Mortgages For Over 50s Retirement Mortgage Providers
• Nationwide Retirement Mortgage Interest Only
• Bad Credit Mortgage Comparison
• Tipton & Coseley Mortgage Interest Only Rates
• nationwide mortgages for over 60s Retirement Mortgages Interest Only

RBS Equity Release Rates in the UK

RBS Mortgages Over 55

Understanding the Landscape

Mortgages tailored for those over 55 have grown in popularity. These mortgages are often designed with flexibility in mind, accommodating the changing financial needs and situations of older homeowners. Whether it’s a first-time purchase or remortgage, lenders increasingly recognize that age shouldn’t be a barrier.

Factors Impacting Rates

Several factors impact the rates of mortgages for those over 55. These include the value of the home, the loan-to-value ratio, and the borrower’s credit score. It’s essential to shop around and compare rates from different lenders to ensure you get the best deal possible.

RBS Mortgages Over 60

A Growing Market

As life expectancy increases and retirement ages are pushed back, there’s a rising number of individuals seeking mortgages over 60. With many individuals remaining in employment beyond traditional retirement ages, they have the financial stability to service these loans.

Interest Rates and Affordability

Typically, interest rates for mortgages over 60 might be slightly higher than standard mortgages. This is often due to perceived risks by lenders. However, rates are still competitive, especially if the borrower has a good credit history and significant equity in their home.

RBS Mortgages Over 65

Challenges and Solutions

One of the challenges faced by those seeking mortgages over 65 is the shortened mortgage term. Lenders may require that the mortgage be repaid by a certain age. However, as the market evolves, many lenders are becoming more flexible, offering longer-term mortgages to older borrowers.

Comparing Offers

Given the specific challenges and the potential for higher rates, it’s especially important for those over 65 to compare mortgage offers. Utilizing brokers or comparison tools can help identify the best rates and terms available.

RBS Mortgages Over 70

Specialist Products

The realm of mortgages over 70 often requires looking into specialist lenders or products tailored to the needs of older borrowers. Some products are designed as equity release schemes, allowing homeowners to tap into the wealth tied up in their homes.

Equity Release Rates and Considerations

Equity release rates for those over 70 can vary based on the product chosen and the provider. It’s crucial to understand the compound interest’s impact and potential implications for inheritance.

RBS Mortgages Over 75

The Rise of Late-Life Borrowing

While mortgages over 75 are less common, they do exist. Late-life borrowing can be driven by various needs, from home improvement projects to helping family members.

Rates and Limitations

Interest rates for such mortgages can be on the higher side, and loan amounts might be limited. However, for homeowners with significant equity and a clear repayment strategy, these mortgages can be beneficial.

Retirement Remortgages

Unlocking Equity

Retirement remortgages are designed for retirees looking to unlock some of their property’s equity. This can provide a financial boost in retirement, whether it’s to fund travel, home renovations, or assist family members.

Interest Rates and Terms

The rates for retirement remortgages are influenced by factors like the homeowner’s age, property value, and the amount of equity being released. As with any financial product, it’s essential to understand the terms and ensure that the remortgage fits into one’s retirement financial plan.

Pensioner Remortgage

Meeting the Needs of Pensioners

Pensioner remortgages cater specifically to those who are pension-age. Given the fixed incomes that pensioners might be on, these remortgages are crafted to offer flexibility and favourable terms.

Rate Considerations

While rates can be competitive, they’re influenced by the broader financial landscape, the Bank of England’s base rate, and specific lender criteria. It’s always recommended to get advice before proceeding with a pensioner remortgage.

Lifetime Mortgage RBS Interest Rate

How It Works

A lifetime mortgage is a type of equity release where you borrow against your home’s value and the loan, plus any interest, is repaid when the home is sold, typically after the homeowner passes away or moves into long-term care.

Interest Rates Dynamics

Interest rates for lifetime mortgages can be fixed or variable. It’s crucial to understand how compound interest works in this context, as it can significantly affect the loan amount over time.

Release Equity

Transforming Home Wealth

Releasing equity from one’s home can transform property wealth into accessible funds. It’s a strategic way to tap into the value of a property without having to sell it.

Costs and Rates

Various costs are associated with equity release, from setup fees to interest rates. While equity release can offer competitive rates, it’s vital to understand the long-term implications and potential impact on inheritance.

RIO Mortgage

What’s a RIO Mortgage?

Retirement Interest Only (RIO) mortgages allow retirees to pay just the interest on their loan, with the capital being repaid once the property is sold.

Advantages and Rates

RIO mortgages can offer lower monthly payments compared to standard mortgages. However, interest rates can vary based on lender criteria, the Bank of England base rate, and market demand.

Equity Release: A Growing Market

The equity release market in the UK has seen significant growth over the past decade. With a rising ageing population and property values increasing, many are looking to tap into their home’s value to enhance their retirement. However, as with any financial decision, it’s imperative to get advice, understand the terms, and consider the potential long-term implications.

• Nationwide
• Natwest
• Natwest Lifetime Mortgage

Does RBS offer Pensioner Mortgages?

Yes, RBS Pensioner Mortgages are 2.25% APR.

Does RBS offer Retirement Mortgages?

Yes, RBS Retirement Mortgages are 2.09% MER.

Does RBS offer Equity Release Under 55?

Yes, RBS Equity Release Under 55 is 1.99% MER.

• Liverpool Victoria LV Equity Release Schemes
• Stonehaven Interest Select Plan
• Age Partnership Interest Only Lifetime Mortgage
• Canada Life Equity Release
• More to Life Capital Choice Plan

Does the Royal Bank of Scotland do Equity Releases?

Yes, the Royal Bank of Scotland Equity Release is 1.81% MER.

• Hodge Lifetime Mortgage Flexible Drawdown Plan
• Just Retirement Equity Release Plans
• L&G Legal & General Flexible Lifetime Mortgage
• Pure Retirement Drawdown Plan

Do the Royal Bank of Scotland do Pensioner Mortgages?

Yes, Royal Bank of Scotland Pensioner Mortgages are 2.28% APR.

• Nationwide Equity Release Schemes
• Lloyds Bank Equity Release Plans
• NatWest Equity Release Schemes
• Royal Bank of Scotland Equity Release Plans
• Royal Bank of Scotland Equity Release
• Aviva Flexible Voluntary Repayment Plan

Do the Royal Bank of Scotland do Retirement Mortgages?

Yes, Royal Bank of Scotland Retirement Mortgages are 2.1% MER.

• Bridgewater Lifetime Mortgage
• Hodge Lifetime Flexible Drawdown Plan
• Liverpool Victoria LV Equity Release Plans
• More 2 Life Tailored Choice Plan

Does Royal Bank of Scotland offer Equity Release Under 55?

Yes, Royal Bank of Scotland Equity Release Under 55 is 2% MER.

• Stonehaven Equity Release Scheme
• Aviva Equity Release
• Bridgewater Equity Release Plans
• Hodge Lifetime Mortgage Flexible Drawdown Plan

Does the Royal Bank of Scotland do Lifetime Mortgages?

Yes, the Royal Bank of Scotland does lifetime mortgages at 2.21% APRC. Royal Bank of Scotland Lifetime Mortgages have an LTV of 75%.

• Just Retirement Interest Only Lifetime Mortgage
• L&G Legal & General Premier Flexible Lifetime Mortgage
• NatWest Equity Release Schemes
• Age Partnership Equity Release Plans

Many of the most appealing retirement mortgage products include TSB mortgages for pensioners, Barclays interest only mortgages for people over 70, NatWest interest only lifetime mortgages, L&G interest only mortgages for people over 60 and Nationwide BS later life mortgages.

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat with a share of freehold and if the resident is an AST Tenant.

Popular loan to value percentages of TSB interest only lifetime mortgages for people over 60, Barclays mortgages over 70s, Halifax interest-only mortgages for over 60s near London, Legal and General retirement mortgages over 60, Royal Bank of Scotland help to buy for over 60s and Nationwide Building Society interest only retirement mortgages for over 70s are 50%, 55% and 70%.

Does RBS do Lifetime Mortgages?

Yes, RBS do lifetime mortgages at 2.22% APR. RBS Lifetime Mortgages have a loan to value of 75%.

Carter Watts’s Perspective on RBS Equity Release

I am Carter Watts from Glasgow, and my experience with the RBS equity release has been exceptionally positive. Their calculator was a vital tool that provided me with an accurate loan to value ratio, which was fundamental in my decision-making process. The low interest rates offered by RBS were a crucial factor, as were the no fees associated with the equity release. Not having to deal with monthly repayments has allowed me to live more comfortably. Moreover, the free valuation service was an appreciable addition. I felt compelled to leave a positive review on Trustpilot after such a straightforward and satisfying process.

Riley Atkinson Reviews Royal Bank of Scotland Equity Release

Riley Atkinson here from Birmingham, and I’d like to share my thoughts on the Royal Bank of Scotland equity release. I found their calculator extremely user-friendly, allowing me to easily calculate the potential equity I could release from my property. The low interest rates were very competitive, and I was pleased to discover there were no fees involved. The free valuation provided transparency and trust in RBS’s services. The option of no monthly repayments has provided a sense of financial security. I have seen many positive comments on Google Reviews that echo my own sentiments, confirming RBS as a solid choice for my financial needs.

Edith Iqbal’s Experience with RBS Lifetime Mortgages

My name is Edith Iqbal from Dunfermline, and I’ve recently taken out an RBS lifetime mortgage. The calculator was incredibly straightforward, helping me understand the loan to value ratio with clarity. The low interest rates and no fees were very appealing, as was the free valuation, which saved me additional costs. The absence of monthly repayments has been a breath of fresh air for my finances. The numerous positive reviews on reviews.io about RBS’s lifetime mortgages reassured me that I was making an informed and sound choice.

Ellie Collier’s Insights on Royal Bank of Scotland Lifetime Mortgage

Ellie Collier from Wolverhampton here, reflecting on my Royal Bank of Scotland lifetime mortgage. The calculator provided by RBS was indispensable in planning my financial future, offering a clear picture of the loan to value ratio and how it would affect my estate. The low interest rates, combined with the absence of any fees, made for a very attractive package. Furthermore, the free valuation underscored the value RBS places on customer service. Not needing to make monthly repayments has given me greater financial freedom. My experience has been mirrored by many satisfied customers on Trustpilot, which speaks highly of RBS’s commitment to its clients.