Announcement
Following a strategic review of its businesses in February 2009, The Royal Bank of Scotland (RBS) announced its intention to exit all non-core retail businesses outside of the United Kingdom. As a result of the review, Reverse Mortgages Services Pty Limited (RBS’s reverse mortgages business in Australia) will be closing to all new business with immediate effect.
This decision does not impact existing customers with mortgage loan products; there will be no changes to the current loan Terms and Conditions and all existing commitments, including amounts under flexible draw and monthly income draw down options, will be honoured in accordance with the Terms and Conditions.
Please call the reverse mortgages team on 1800 99 99 59 for more information.
Martin Lynch
Head of Reverse Mortgages