RBS Buy to Let Mortgage Agreement In Principle
What is an Agreement in Principle?
An RBS buy to let agreement in principle is one of the first stages of getting a buy to let mortgage. If you receive an agreement in principle from RBS, it is a sign that they are prepared to provide the buy to let mortgage you need. To make their decision, RBS reviews your credit and conducts a brief affordability check. This may be done online or in your local RBS branch.
What Do I Need For the Application Process?
Securing an agreement in principle is a straightforward process that usually can be done within 5 minutes.
Before RBS can make their decision, they will need:
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A small amount of personal information
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Some details of your income
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An outline of your financial commitments
RBS offer peace of mind, as under no circumstances do they use the information provided for marketing purposes.
After receiving an agreement in principle, you can browse the RBS mortgages that are available to you and then proceed to submit your application. It is important to remember that it requires no commitment to obtain an agreement in principle and you have no obligation to apply for a mortgage.
The process is relatively simple and you can apply for an agreement in principle from RBS through an online application.
You should note that an agreement in principle for a buy to let can be accessed online but not a Help to Buy, Right to Buy, shared equity, Offset or interest only mortgage.
How to get a Buy to Let Agreement in Principle
If you would prefer to discuss your buy to let options with an adviser, then you can call RBS Direct - Call 0800 068 7706
Lines are open: 8am-6pm Monday to Friday and 9am-4pm on Saturday (Calls may be recorded)
If you would prefer to speak to an independent mortgage adviserClick here »