RBS mortgage rates are set to rise.

The recent announcement of a RBS mortgage rate increase may be of concern to RBS mortgage holders, however help is on hand as there are still many opportunities to get a good remortgage deal.

For those not locked into a longer term fixed rate product, Deal Direct can work on your behalf to secure a better deal. We can negotiate to improve your current RBS mortgage rate or we can search the mortgage market on your behalf to find the most competitive alternative.

RBS announced the increase to its SVR saying that the rate rise from 3.75 per cent to 4 per cent will only apply to some of their deals.

The lender advises that the rate increase is due to increased funding costs adding that raising funds in the wholesale money market is very expensive at present. Despite the increase it is important to remember that mortgage rates at around 4 per cent are still low historically speaking.

A RBS mortgage rate increase will affect the costs of both Natwest and RBS lifetime offset tracker deals which will go up by 0.25 per cent. Those customers who have the lenders One account will also experience a rate change. It is estimated that the SVR rate change could affect around 200,000 RBS mortgage holders.

For those of you affected by this rate increase Deal Direct can help, we can find you an alternative deal. We are able to get the most competitive RBS mortgage rate available and can negotiate with the lender on your behalf.

Let our skilled mortgage brokers act now for you. For those of you who wish to compare others lenders rates as well as those of RBS, we are 'whole of market' and have access to the best mortgage deals on offer.

Looking for mortgage advice?

Fill in our enquiry form opposite or telephone 0800 048 8828.