Are RBS mortgage rates competitive in the market?
Recent publication of RBS mortgage rates suggests that the pricing of some of their products makes them some of the most expensive in the market.
The suggestion that the bank is not competitive may not be true for all products but the higher prices have led to published rumours that the bank may be reluctant to lend. This is set against recent reports of other larger lenders such as Santander and Lloyds cutting back on the number of loans they are making available.
If you are looking for an RBS mortgage a call to Deal Direct can help you compare products against other lenders. We deal with the whole of the market and can source the best offers available from a wide range of lenders. Some of the smaller lenders are still offering very competitive deals, but the market is changing so you need to act quickly to secure the best offers.
Statistics from the Council of Mortgage Lenders reveal the value of mortgages recently lent has fallen by around 20% to the lowest level in twelve months. This may be a further indicator that lenders are reducing their product ranges and tightening their mortgage lending criteria to manage demand.
Call Deal Direct if you are looking for an RBS mortgage comparison. Whatever your situation it makes sense to check that you are not paying more than you have to.
Deal Direct can advise you on the latest rates available and source a great deal that could save you money.
