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RBS joins Scottish Life Mortgages panel

Scottish Life Mortgages is appointing Royal Bank of Scotland to its panel of mortgage lenders.

RBS is offering a 100 per cent loan to value mortgage with a four year stepped discount, The mortgage is discounted by 3 per cent off the standard variable rate, currently 7.49 per cent, until August 2002, and then by 0.75 per cent until August 2005.

Redemption penalties are 3 per cent of the loan value until August 2004 and then 2 per cent until August 2005.

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