Page 8 - The Pulse Issue 6 Online

A year

of promise

5% deposit product and £500 cashback

offer a boost to first-time buyers

2017’s healthier housing market brings new In turn, Royal Bank of Scotland’s Intermediary Partner
opportunities for homebuyers – and Royal Bank (RBSIP) team is dedicated to supporting brokers
of Scotland is ready to support brokers in realising in that process. Our Business Development Managers
customers’ dreams. Head of Mortgage Products, are available through the application process to discuss
Terry Jordan, looks ahead to a promising year. unusual cases or respond to queries.

Benefits for first-timers Support for remortgages
The traditional home buying season opens with If spring and summer bring the traditional surge of new
brighter prospects for first-time buyers than might home buying, autumn will be the season for remortgaging.
have been feared. Large tranches of maturities are set to arrive in September
and October.
Lenders were given the opportunity to move away
from high-LTV products when the government Customers with good payment records stand to benefit
withdrew its Help to Buy mortgage guarantee scheme from broker guidance as their existing deals expire.
at the end of 2016. Steered towards Standard Variable Rate under the terms
of the original offer, many need the expertise of brokers
At Royal Bank of Scotland, however, we felt it was to direct them to substantially better deals available on
important to maintain our commitment to that market. the market.
We’ve maintained our 95% mortgage, 5% deposit product.
While available to all types of buyers, it’s likely to remain Again, we offer a range of appealing deals in this sector.
especially attractive to first-timers who have struggled Customers also benefit from our award-winning service.
to save while renting.
Brokers, too, can expect the highest standards when they
The product is available for property values of up to seek support from the RBSIP team. The team recently
£600,000, excludes new-build homes and is limited to scooped a Financial Adviser Five Star Service Award,
capital repayment. First-time buyers with new RBS the latest in a long list of recognition from the industry.
mortgages of up to 90% LTV also qualify for an extra
bonus: a £500 cashback. We look forward to supporting brokers
through a busy and successful year.
Inevitably, new buyers often lack understanding of
mortgages and the application process. The support of
brokers can be critical in helping customers avoid pitfalls
and acquire a home relatively painlessly.

ONLY FOR USE BY MORTGAGE INTERMEDIARIES

The Royal Bank of Scotland plc. Registered in Scotland, No. 90312. Registered Office:
36 St. Andrew Square, Edinburgh EH2 2YB. Authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.