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, with deposit requirements starting at 5% of the property's value.
They specialise in areas including:
What interest rates do they offer?
Natwest’s current standard variable rate (SVR) is currently 8.24%. As a high street bank, their mortgage rates are generally competitive with other mainstream mortgage providers, and lower than what is on offer through specialist lenders.
You can compare the latest mortgage rates from Natwest with their competitors across the market for free below:
Compare Natwest mortgage rates with 90+ other lenders for FREE
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 (May 2024), 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%.
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.
Advantages | Disadvantages |
Low deposit mortgages available | Limited options for newly self-employed borrowers |
Can offer higher salary multiples than some high street lenders | Not all government schemes supported |
Bad credit mortgages available | Stringent criteria for properties with some types of non-standard construction |
Options for later-life borrowers, including equity release | Limited options for borrowers who rely on family support, such as guarantors |
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
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.