What type of mortgages do they offer?

They offer a wide range of fixed rate and tracker mortgages, with capital repayment and interest-only options available, with deposit requirements starting at 5% of the property's value.

They specialise in areas including:

• First-time buyers
• Remortgages 
• Homemover
• Buy-to-let mortgages

What mortgage rates are currently available?

Representative examples of NatWest's mortgage rates at the time of writing (September 2024) include:

• A fixed rate mortgage with an initial interest rate of 3.74% and a variable rate of 7.99% 
• A fixed rate mortgage with an initial interest rate of 3.9% and a variable rate of 7.99% 
• A fixed rate mortgage with an initial interest rate of 4.12% and a variable rate of 7.99% 
• A fixed rate mortgage with an initial interest rate of 4.65% and a variable rate of 7.99% 
• A tracker rate mortgage with an initial interest rate of 0.14% above the National Westminster Bank Plc's base rate and a variable rate of 8.24%

Their current standard variable rate is 7.99%.

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:

You can use our calculator below to work out how much you could borrow based on these exact income multiples:

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

NatWest offer buy-to-let mortgages with deposit requirements starting at 25% of the property's value. Rental income must be at least 125% of the monthly mortgage payments to qualify.

Other criteria includes:

• Age: Landlords must be aged over 18 and have permanent right to reside in the UK.
• Number of mortgaged properties: Must be fewer than four as portfolio mortgages are not available through this lender.
• Property and mortgage values: The minimum property value is £50,000 and landlords must be borrowing at least £25,000. Maximum aggregate borrowing with NatWest brands cannot exceed £3.5 million.
• Term lengths: Terms of between 3 and 35 years are available.

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.

Buy-to-let mortgages for specific niche property and tenancies types, namely multiple tenancies, Homes of Multiple Occupancy (HMO), bedsits, ‘Related Person’ tenancies, properties that fall under a selective licensing scheme or properties that will be used as a holiday home or holiday let, will not be approved.

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 4.385 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%.

Pros and cons

The table below offers an overview of the advantages and disadvantages of NatWest as a mortgage lender to give you an idea of whether they are the best option for you.

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.