royal bank of scotland bridging loans


Who is the Royal Bank of Scotland and what do they do?

The Royal Bank of Scotland is a major bank in Scotland catering to both retail and commercial purposes. The bank holds around 700 branches, and these sites are located in Scotland, England, and Wales. The Royal Bank of Scotland is separate from the Bank of Scotland located in Edinburgh as the former business was established in 1724 for historical royalist financial interests.

Does the Royal Bank of Scotland offer bridging loans?

RBS offer ‘moving home mortgages’ and offer a service on their website to apply online. The Royal Bank of Scotland also offer a mortgage calculator to get a rough idea of how much you may be entitled to lend from the bank.

What do Royal Bank of Scotland interest rates look like on bridging finance?

Royal Bank of Scotland interest rates for their lending services are usually based on the Base Rate set by the Bank of England – RBS’ rate is known as the ‘Royal Bank Base Rate’.

Base Rates are subject to change based upon world circumstances so be sure to research and check past and current interest rates.

What do I need to get a bridging loan with the Royal Bank of Scotland?  

RBS offer an online application which can guide you through the process of applying for specialist finance.

Providers of this service will usually seek to know the value of your current property as security against the loan, as well as wanting to understand a customer’s method of loan repayment.

How do I apply, and how easy is the process?

Applying for a loan with the Royal Bank of Scotland can be as easy as an online process by applying through their website, or by arranging a phone or video call.

Alternatively, you can apply for bridging finance with another lender.

Visit our bridging loan directory here and visit our FAQs or send us an email if you have any questions.

How long does the application process take and when do I get the money?

Bridging financial services are usually agreed upon in a well-timed manner and the time taken is shorter than a long-term mortgage or a fixed-term loan.

If you are looking for a bridging loan in the traditional sense, to bridge the difference between the sale of your existing property and the purchase of a new one as well as having a clear exit strategy, the application process should only take a few days.

If your situation is more complicated, it could take a few weeks to complete the application and receive the money.

The advantages of a bridging loan with the Royal Bank of Scotland

Since the Royal Bank of Scotland is a major bank with a long history in the market, many may naturally gravitate to using the business for bridging loan purposes.

Furthermore, current customers of RBS may find it convenient to keep all of their finances in one place and being an existing customer may entitle you to special deals and benefits.

The disadvantages of a bridging loan with the Royal bank of Scotland

By deciding to pursue a loan with a major bank such as the Royal Bank of Scotland, you may be missing out on more competitive options of finance with alternative lenders.

This is why you should always compare from a range of different lenders as you will likely find a deal that will best suit your individual financial needs.

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What is the bridging loan directory?

We’re an unbiased party that helps to inform those looking to learn about bridging loans, this ensures that customers receive the best possible outcome when securing finance by making an informed decision.

Our content resources section is packed full of guides so you can learn more about everything from interest rates to refurbishment finance.

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