Future of RBS - Please

[humphreybumphrey]

I am about to agree a loan for a substantial sum with either RBS or Alliance & Lecister (Santander). RBS are offering the best deal in terms of interest, arrangement fees etc. But, as the life of the loan will extend a number of years, I'm not sure who to go with in terms of the future stability of the bank. Taking into consideration all the stuff happening around RBS at the moment, I'd like opinions on what bank you think will be the better choice.

[humphreybumphrey]

Thanks Zacsmaster, for making me feel less of an idiot.

Just not sure why RBS are offering such a good deal. It would seem they REALLY want my custom and when I get that feeling, I always suspect that someone knows something.

[dzug]

The stability of RBS is not an issue for you.

If they have problems they will sell their loan portfolio to another party and you will carry on repaying as before on the same T&C.

[humphreybumphrey]

Thank you dzug, fair comment.

In light of that, perhaps I should try to fix their offer for as long as poss. The unfortunate thing about this type of deal is that you have to renegotiate a couple of times throughout the term of the loan, hence my concern over future dealings.

[WhiteBear]

its really Lloyds Banking group

[dzug]

RBS has nothing to do with Lloyds - you are thinking of HBOS

[auzzie]

Dont HMRC use RBS to bank with now? If they are happy, i would be!