3.41% APR Royal Bank of Scotland Equity Release With Free Valuation – RBS

Royal Bank of Scotland equity release
  • Remove tax-free cash from your property with the Royal Bank of Scotland Equity Release
  • No regular monthly repayments
  • Ideal for people under 55 and over 55 years old
  • No product fees
  • No lenders fees
  • Use the money to help your family
  • Stay living in your own home
  • Could be used to help tax planning
  • Free valuation in 2024

Discounted variable rates of 3.41% APR and fixed rates of 3.96%.  No hidden fees are added on.

How much can I get?

You can borrow 60% of your home’s valuation. As an example, if your home is worth £280,000 you can borrow £168,000.

Please complete the form below to find out more:

Royal Bank of Scotland RIO retirement interest only mortgages for people on a pension
5 Year Chart of 10 Year Interest Rates
5 Year Chart
royal bank of scotland mortgage rates
retirement interest-only mortgage (RIO)
RIO retirement interest only mortgages for people on a pension

Does RBS offer Pensioner Mortgages?

Yes, RBS Pensioner Mortgages are 2.41% APRC.

Homeowner in their 70s with RBS Bank Account
Royal Bank of Scotland Lifetime Mortgages

It is often found to encounter people searching for monthly payment lifetime mortgage, home reversion plans or monthly payment equity release, however, Age Partnership like Maximum cover Equity Release are keen to see proof of your situation in the form of bank statements.

royal bank of scotland Pensioners interest only mortgage

UK Equity Release Scheme Lenders

  • Lifetime Mortgage from L&G
  • Step change
  • Aviva

Does RBS offer Retirement Mortgages?

Yes, RBS Retirement Mortgages are 2.41% APRC.

Advantages of Home Reversion Schemes

Often used as a vehicle to reduce tax bills and interest rates on the money can be appealing. Buy a family member home without a mortgage or pay down your credit cards and loans so you can spend more of your monthly income.

Equity Release Loan To Value

  • 60% lump sum lifetime mortgages Maximum cover Equity Release
  • 55% loan to value (LTV) monthly payment lifetime mortgage Sun life Plans
  • 55% loan to value (LTV) home reversion plans Together Money
  • 25% loan to value (LTV) monthly payment lifetime mortgage Evolution Money
retirement interest-only mortgage (RIO)


The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is a Private Tenant.

Do Royal Bank of Scotland do Pensioner Mortgages?

Yes, Royal Bank of Scotland Pensioner Mortgages are 2.41% MER.

UK Lenders for Equity Release

It is often found to encounter individuals looking for home reversion schemes, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Legal and General like The Exeter Equity Release are eager to see paperwork to show your circumstances in the form of investment statements.

  • Canada Life Lifestyle Gold Flexi
  • Stonehaven Equity Release Scheme
  • HSBC Equity Release
  • Lloyds Bank Lifetime Mortgage
  • Saga Equity Release Plans
  • Aviva Lifetime Mortgage
  • Canada Life Prestige Flexi Option
  • Just Retirement Equity Release Plans
  • Liverpool Victoria LV Equity Release
  • Barclays Interest Only Lifetime Mortgage
  • Hodge Equity Release Plans
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Pure Retirement Equity Release Plans
  • Nationwide Equity Release Schemes
  • Saga home reversion schemes
  • Bridgewater Equity Release Schemes
  • Canada Life Second Home Voluntary Select Plan
  • Hodge Lifetime Mortgage Plus
  • Stonehaven Equity Release Scheme
  • Barclays Equity Release Plans
  • Saga home reversion schemes
  • Age Partnership Lifetime Mortgage

Does Royal Bank of Scotland offer Retirement Mortgages?

Yes, Royal Bank of Scotland Retirement Mortgages are 2.41% APR.

retirement interest-only mortgage (RIO)

Do RBS do Equity Release Under 55?

Yes, RBS Equity Release Under 55 is 2.41% APR.

Do RBS do Lifetime Mortgages?

Yes, RBS does lifetime mortgages at 2.41% MER.

RBS interest only retirement mortgage

Telephone:

02087486233

Does Royal Bank of Scotland offer Equity Release Under 55?

Yes, Royal Bank of Scotland Equity Release Under 55 is 2.41% APRC.

Drawbacks of Royal Bank of Scotland Equity Release

Home reversion schemes can reduce the value of your estate. Lump-sum lifetime mortgages may impact the ability to get state benefits. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.

Equity Release LTV Percentages

The more elderly you are and the more illnesses you have you are, the more cash you can release.

RBS Markets and International Banking UK, 8th Floor, 250 Bishopsgate, London, EC2M 4AA, outlining the requirements of the customer, including the branch(es) concerned and the pattern and volume of activity the customer is likely to transact

Does Royal Bank of Scotland offer Lifetime Mortgages?

Yes, Royal Bank of Scotland lifetime mortgages are 2.41% APR.

https://www.rbs.co.uk/

Royal Bank of Scotland (RBS) Equity Release: A Comprehensive Overview

Royal Bank of Scotland (RBS) is a prominent name in the financial services industry, known for its wide range of offerings. In this extensive discussion, we will delve into various aspects of RBS equity release, including Royal Bank of Scotland RIO Mortgages, RBS Equity Release Calculator, RBS Interest Rates, Royal Bank of Scotland Rates, Royal Bank of Scotland Interest Only Mortgages, Royal Bank of Scotland Pensioner Mortgages, Royal Bank of Scotland Retirement Mortgages, Royal Bank of Scotland Retirement Interest Only Mortgages, Royal Bank of Scotland Mortgages Over 50, RBS Mortgage Over 55, Royal Bank of Scotland Mortgages Over 60, Royal Bank of Scotland Mortgages Over 65, RBS Mortgages Over 70, Royal Bank of Scotland Mortgage Over 75, Royal Bank of Scotland Later Life Mortgages, Royal Bank of Scotland Remortgage Over 60, and more.

RBS Equity Release Options for Older Borrowers

If you’re approaching retirement age and looking for financial solutions to support your retirement plans, Royal Bank of Scotland offers a range of equity release options tailored to your specific needs. These options cater to individuals over the age of 50, 55, 60, 65, 70, and even 75, ensuring that there’s no upper age limit to access the benefits of equity release.

Understanding RIO Mortgages at RBS

RIO mortgages, or Retirement Interest Only mortgages, are an attractive option for older borrowers. With RBS’s Royal Bank of Scotland RIO Mortgages, you can secure a loan against your property while only paying the interest each month. The principal amount remains untouched, and the loan is repaid from the sale of the property upon your passing or when you decide to move.

Calculate Your Equity Release with the RBS Equity Release Calculator

Before making any financial decisions, it’s crucial to have a clear understanding of the potential outcomes. The RBS Equity Release Calculator is a valuable tool that allows you to estimate the amount you could release from your property. This calculator considers various factors, including your age, the value of your property, and current interest rates.

Exploring RBS Interest Rates for Equity Release

Interest rates play a significant role in equity release decisions. RBS offers competitive interest rates for its equity release products. These rates can vary depending on the type of mortgage and your personal circumstances, but RBS strives to provide favorable terms to help you make the most of your property’s value.

Royal Bank of Scotland Retirement Mortgages

RBS understands that retirement planning is a crucial aspect of financial well-being. The Royal Bank of Scotland Retirement Mortgages are designed to assist retirees in achieving their financial goals. Whether you’re looking to supplement your retirement income, finance home improvements, or clear existing debts, RBS offers a variety of options to suit your needs.

Tailored Solutions for Pensioners

Pensioners have unique financial requirements, and RBS recognizes this. The Royal Bank of Scotland Pensioner Mortgages are tailored to meet the specific needs of retirees. These mortgages offer flexibility and can be used to release equity from your property or purchase a new home in retirement.

Expert Guidance from RBS Advisors

Making informed decisions about equity release is crucial. RBS provides access to expert advisors who can guide you through the process. These professionals can help you understand the implications of equity release on your finances, ensuring you make choices that align with your long-term goals.

No Credit Check Required

One of the advantages of equity release through RBS is that it typically doesn’t require a credit check. This can be particularly beneficial for individuals with a less-than-perfect credit history. RBS is more focused on your property’s value and age when determining eligibility for equity release.

Bad Credit History and Equity Release

If you have a history of bad credit, it can be challenging to secure traditional loans or mortgages. However, RBS’s equity release options provide an alternative for individuals with such financial backgrounds. Your eligibility is primarily based on property value and age, making it an accessible solution for many.

Martin Lewis and Money Saving Expert’s Perspective

Noted financial expert Martin Lewis, founder of Money Saving Expert, has shared valuable insights into equity release. While equity release can be a useful financial tool, it’s essential to approach it with caution and seek professional advice. RBS encourages individuals considering equity release to heed this advice and make informed decisions.

Dealing with Declined Applications

In some cases, equity release applications may be declined. This can be disappointing, but it’s essential to understand the reasons behind the decision. RBS provides transparency and feedback to help individuals understand why their applications were not approved. This information can be valuable for future financial planning.

A Range of Equity Release Providers

While RBS offers a robust suite of equity release products, exploring multiple providers and comparing their offerings is essential. Different providers may have varying terms, interest rates, and eligibility criteria. Take the time to research and choose the one that aligns best with your retirement goals.

The Role of Equity Release Brokers

Equity release brokers can be instrumental in helping you navigate the complexities of equity release. These professionals can provide valuable insights, connect you with suitable providers, and ensure you make well-informed decisions. RBS recognizes the importance of brokers in the equity release process.

Royal Bank of Scotland offers a comprehensive range of equity release options to cater to the diverse needs of older borrowers. Whether you’re looking for Royal Bank of Scotland Retirement Mortgages, RBS Interest Only Mortgages, or RBS Mortgages Over 60, RBS has a solution for you. Remember to use the RBS Equity Release Calculator to estimate your potential release amount and seek expert advice from professionals like Martin Lewis and Money Saving Expert. While equity release can be a valuable financial tool, it’s essential to approach it carefully and clearly understand its implications. Don’t let a declined application discourage you; instead, use the feedback to make better financial decisions in the future. Ultimately, equity release can provide the financial support you need to enjoy a comfortable retirement.