The Royal Bank of Scotlandhas announced that its Standard Variable Mortgage Rate would increase by 0.30 per cent to 7.44 per cent.
The rate change is effective from 1 February 2007 for existing customers. The RBS Offset Flexible Mortgage will also increase by 0.30 per cent to 6.20 per cent on the same date.
The change in rates follows a review after the Bank of England's Monetary Policy Committee (MPC) decision to increase rates earlier this month.
