First Time Buyer Guide | Royal Financial of Scotland

Your first home

Your first home

Everything you need to help you get a foot on the ladder

Looking for an Agreement in Principle?

Your home may be repossessed if you do not keep up repayments on your mortgage

Royal Bank mortgages are available for over 18s.

What can you afford?

Mortgage Agreement in Principle

An indication of whether we could lend you the amount you need to borrow.

Mortgage calculator - our mortgage rates

See our rates and work out what your mortgage might cost each month

Savings Goal Tool

Use your savings account to start a savings goal towards your deposit

How can we help?

Cashback Mortgages

Take out a first time buyer mortgage with us and get £500 cashback, paid to your solicitor on the day of drawdown of the mortgage.

Offer can be changed or withdrawn at any time. Early repayment charges may apply. Max LTV 90%.


About cashback mortgages



Home owning could be Rewarding

Becoming a home owner? If you pay your household bills by direct debit, we'll give you 3% back in Rewards with one of our Reward accounts.  That's council tax, gas, electricity, water, phone, TV and broadband bills. That means for every £100 of household bills you get £3 back.  Monthly account fee applies.

Compare our current accounts



Home Insurance

Did you know you need buildings insurance when buying your first home?

Owning your home is likely to be your biggest life purchase, it's important you have the right level of home insurance cover.

Whilst you do not have to take out a policy with Royal Financial of Scotland, why not take a look at our options?

More on home insurance



Starting to plan

Find out more about the Millennials Survey

Royal Financial of Scotland's Millennials Home Buying Survey

The results of the Royal Financial of Scotland Millennials Home Buying Survey reveals how young people view the current UK housing market in 2015, discusses the challenges that first time buyers face and the idea of generation rent.

Discover the highlights of this survey along with more detailed information according to region, gender, age, current living situation and stage in the house buying process.

Find out more highlights of the Millennials Survey
Got a first time buyer tip to share?

Do you have any tips for first time buyers? We've gathered a few of ours, why don't you share yours in our new community forum?

Share your first time buyer tips



Ready to start house hunting?
See where we can help
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