This is a simple note to let you know that our RIO mortgages are now available in Scotland and the Scottish Islands (Scottish Islands by referral).

Our normal criteria applies as per residential mortgages. There is only two key points that are noteworthy;

LPA’s

We offer a discount of 0.5% when an Lasting Power of Attorney is in place currently, this applies also to Scotland but here we have slightly different terms.

The equivalent LPAs in Scotland would be a Continuing Power of Attorney and a Welfare Power of Attorney as below;

Continuing Power of Attorney: deals with financial and property matters / Welfare Power of Attorney: deals with health and care and wellbeing.

Flats

We still do not lend on flats in Scotland, just to stop any confusion.

Should you need any further information, please don’t hesitate to get in touch on 01782 255 159