Royal Bank of Scotland International has launched a mortgage with repayment rates that track the ban...
Royal Bank of Scotland International has launched a mortgage with repayment rates that track the bank's base rate. The Base Rate Tracker mortgage is available to expatriates purchasing a primary residence in the UK. Its mortgage rate is guaranteed to remain at either 1% (for loans up to £250,000) or 0.5% (for loans above £250,000) above RBSI's base rate. An early repayment penalty of three months' interest will be levied if the capital is repaid within the first 12 months. Customers can borrow up to 85% of the purchase price or valuation and must borrow a minimum of £50,000.
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