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About NatWest Mortgages

Natwest are a well-known high street bank, and are currently the second largest mortgage lender in the UK with a market share of 41.5%.

They offer a wide range of fixed rate and tracker mortgages, with capital repayment and interest-only options available. They specialise in areas including:

What interest rates do they offer?

At the time of writing (November 2023), Natwest’s mortgage interest rates start at 4.74% but the exact rate you end up with may vary depending on your loan-to-value (LTV) ratio, your credit history and the type of product you choose. There is also a range of exclusive deals for existing customers who are applying for a product transfer with the bank.

Natwest’s current standard variable rate (SVR) is currently 8.24%.

How much will Natwest let you borrow? 

You can borrow between 4 times and 5.5 times your annual salary with Natwest. They will use a different salary multiple depending on your circumstances.

The table below shows how your maximum borrowing can vary with this lender:

Income Multiple

When Natwest Will Use It

5.5 times salary

75% LTV plus income of over £75k or joint applicants earning over £100k combined

5 times salary

Below 75% LTV

4.5 times salary

70-75% LTV

4 times salary

Above 85% LTV or a loan amount of over £500k

What type of buy-to-let mortgages do Natwest offer?

Natwest offer buy-to-let mortgages with deposit requirements of 25-35%. Rental income must be at least 125% of the monthly mortgage payments to qualify.

At the time of writing (November 2023), Natwest are not offering buy-to-let mortgage directly to members of the public but you can apply for their deals through a whole-of-market broker, like Teito. Our brokers will also compare their rates with other lenders across the UK for you.

The lender’s buy-to-let range is currently dominated by two and five year fixed-rate mortgages, as well as exclusive remortgage and ‘green’ deals.

Do they offer bad credit mortgages?

Yes. Natwest can offer bad credit mortgages for borrowers with certain types of adverse, such as debt management plans (discharged), defaults, CCJs, and IVAs (discharged). They may apply conditions to the deal if your credit problems were recent, while the most severe issues such as bankruptcies will need to have been discharged for six years.

What kind of reviews does Natwest have?

Natwest currently holds a review score of 1.4/5 from customers rating all of its products and services on TrustPilot. However, they have fared better elsewhere, scoring 4.3/5 from mortgage customers on Smart Money People and coming joint 7th out of 22 mortgage lenders, in a survey carried out by Which?, with a customer satisfaction score of 70%.

How to compare Natwest mortgages

You can compare Natwest mortgage rates with products from their competitors across the market for free through Teito. We also have mortgage brokers on hand to help you, and they often have access to exclusive deals to include in your comparison.

If Natwest is a lender you are keen on, your broker will offer impartial advice about whether they are the ideal mortgage provider for you, recommending comparable products from other lenders and providing bespoke advice about which one to choose.

Even if you’re an existing Natwest customer who is keen to stick with them, it’s worth comparing what they are offering with every alternative for peace of mind. 

Our brokers will offer a free, no-obligation chat to start things off, so you have nothing to lose by finding out how much they could potentially help you save - get started here.

FAQs

How long does Natwest mortgage offer last?

Natwest mortgage offers are typically valid for six months. However, in certain situations, they may choose to extend your offer.

If you've had a mortgage offer approved with Natwest but for reasons outside of your control can't complete the purchase or remortgage, you may find that they can extend your mortgage offer by one month so that you have extra time.

Can I port my Natwest mortgage?

Yes, you can port your existing Natwest mortgage to another property, which can help you to avoid paying early repayment charges.

Can I overpay my Natwest mortgage?

Yes, you can pay up to 10% of the remaining mortgage balance annually with a Natwest mortgage. Paying your Natwest mortgage off early will reduce the total amount of interest you have to pay. However, there are charges for paying off a mortgage before the end of its term.

Early repayment charges (ERCs) on a Natwest mortgage of the equivalent of 58 days' interest on the amount you are repaying early, or 28 days' interest if the remaining term length is one year or less.

Do they offer equity release?

Yes, Natwest does offer equity release, which can be used as a tool to help you boost your income in retirement or pay for living expenses by releasing the value of your property.

Can I get a joint Natwest mortgage?

Yes, you can obtain a joint mortgage with Natwest as long as you both meet the eligibility and affordability criteria.

Can I view my Natwest mortgage online?

Yes, you can manage your NatWest mortgage online, including managing payments, viewing statements and updating your information.

Can you get a Natwest mortgage if you're self-employed?

Yes, as long as you meet the eligibility criteria, have been being self-employed for at least two years and can prove your income, you should be able to get a mortgage with Natwest.

Do Natwest offer Shared Ownership mortgages?

No. Natwest do not currency offer mortgages to buy properties through the Shared Ownership scheme, but lend up to 95% LTV for those with minimal deposit.

Do Natwest offer guarantor mortgages?

No. Head to our guarantor mortgage guide to find lenders who do offer this.

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Choose Your Own Mortgage

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.