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RBS Mortgage Insurance

It is a fact that Mortgage Insurance allows most people to purchase their first home although it may be viewed as an unnecessary monthly cost for many first time home buyers. Mortgage insurancealso known as mortgage indemnity guarantee (MIG) particularly in the United Kingdom is an insurance policythat can either be public or private depending upon the insurer compensates lenders or investors for losses due to the default of a mortgage loan.

The Royal Bank of Scotland plc is one of the retail banking subsidiaries of the Royal Bank of Scotland Group plc. which together with Ulster Bank and NatWest, provides branch banking facilities in the United Kingdom. Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are more than 2,000 branches in many larger towns and cities throughout England and Wales with around 148,500 employees. The Royal Bank of Scotland Groupis the largest British banking group and insurance holding company in Scotland wherein the UK Government holds an 84% controlling share. Based onForbes Global 2000, RBS was the 10thlargest company in the world with its shares having a primary listing on the London Stock Exchange. Its registered group headquartersand the UK clearing bank are located at St Andrew Square, Edinburgh.

Cheap RBS Mortgage Insurance

A Royal Bank of Scotland RBS mortgage can be applied for in different terms and applications namely first time buyer, buy to let, fixed rate, discounted mortgages, tracker, flexible mortgages, offset mortgages, cash back mortgages, self cert mortgages, 100% mortgages and re-mortgages plus many more. The types of mortgage scheme available are diverse and choosing between the different mortgages interest rates on offer can also be confusing so it is better to visit their site, study carefully and seek advice prior to getting one.Remember that aRoyal Bank of Scotland mortgage is not similar as a personal loan or car loan and is far more complicated. A mortgage is secured on your property, meaning when taking out a mortgage the bank or lender literally owns your house until the final payment is made. Do not over stretch yourself otherwise when you end up in financial trouble you might also end up losing your home.

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RBS Mortgage Insurance Reviews

As a whole, the company did not do well on reviews posted on site, garnering only 1.6 out of 5 stars on the average. Out of the 7 reviews, only one gave a positive feedback on their customer service. The rest commented on a very poor home insurance and customer service. If you have any experiences with Royal Bank of Scotland Mortgage Insurance you can share it to other customers by going to this site, review centre

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