A DECISION by the Rural Economy Secretary to write to the Royal Bank of Scotland urging them to give fair mortgage offers to crofters has been welcomed by MSP Kate Forbes.
Currently, those in receipt of the Croft House Grant have been unable to secure an RBS mortgage because the bank fears, in the event of insolvency, that the Scottish Government’s rights to recover monies under the scheme would rank ahead of the financial institution’s right to recover the home loan.
The saga came to light after crofters on Skye raised the matter with Ms Forbes, MSP for Skye, Lochaber and Badenoch.