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Published: 01/02/2022

Looking for a new mortgage? NatWest is probably on your radar. Here’s everything you need to know about NatWest mortgages, and you can see where they rank against their peers by checking out our mortgage charts.

What kind of mortgages does NatWest offer?

Being one of the biggest names on the high street, NatWest is known for offering a full range of mortgage products to first-time buyers, home-movers and remortgagers alike, not to mention landlords, with buy-to-let a core part of their offering.


You’ll also be able to find more specialist mortgage products, such as Help to Buy, shared equity and green mortgages. At present, NatWest only offers fixed rate deals, with initial terms of two or five years.

What are the rates like?

The rates can vary according to the type of mortgage you choose and your personal circumstances, with things like loan-to-value (LTV), income and credit score always playing a part in the rate you’ll be offered. Typically, NatWest mortgages are better than average in terms of their offering – with a good proportion of their rates in the top quartile  – so it’s always advisable to stay up to date with the best rates available.

How much can I borrow with NatWest mortgages?

This will depend on your income, level of deposit and the kind of mortgage you’re looking for, though NatWest will offer up to 4.85 times your annual earnings, depending on the amount you want to borrow. First-time buyers and home-movers will be able to borrow at up to 95% LTV, and remortgagers at up to 90%. Use their calculator to get a more accurate idea of how much you can borrow. 

Is NatWest hard to get a mortgage with?

Not if you’ve got a decent credit rating and meet all affordability criteria, though issues can arise if you’ve got poor credit or have suffered from debt problems in the past. In this case, you may find it difficult to be approved, and may be better off looking at specialist bad credit mortgage lenders instead.

How do I apply for a NatWest mortgage?

To apply for a NatWest mortgage, you’ll need to start by making sure you’ve got your supporting documentation ready. This includes proof of income, outgoings, employment and ID, after which all necessary affordability checks can be carried out. If you’ve opted into a paperless application process, you’ll be able to upload your documents via NatWest’s DigiDocs portal, or by post if you’ve opted out.


You’ll need to get an agreement in principle – a 10-minute process that can be completed online – which will give an indication of how much you could borrow and can be helpful when viewing properties and making an offer. Once a property has been sought, you can pick a mortgage and get a personalised mortgage illustration, after which you can make a full application, either online or over the phone. This will involve a valuation being carried out on the property and will result in a mortgage offer being provided.

How long does a NatWest mortgage approval take?

This will depend on several factors, including the complexity of your application and the case load of NatWest mortgages at the time, though it can typically take between one and three weeks for a mortgage to be approved.


You can keep track of your application through NatWest’s mortgage tracker – you should be given a mortgage reference number within two working days of your application being submitted, and can use it to monitor the progress of your application.


A mortgage offer will normally last for three or six months, depending on your circumstances, though you may be able to extend it for a further month if you’ve been unable to complete your house purchase or remortgage in the required timeframe. Speak to NatWest if you’re facing this possibility.  

Can I overpay?

Yes, you can make overpayments of up to 10% of the mortgage balance each year, either by a lump sum or regular monthly overpayments. You can set up overpayments online via the Manage my Mortgage portal, which can also be used for all aspects of mortgage admin, from changing your payment bank account to switching to a new rate.

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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