Coronavirus (COVID-19) mortgages update
The current deadline for mortgage payment holiday applications, which allow homeowners to defer payments for up to six months, is 31 January 2021. You can find out more with the following articles:
- How to apply for a mortgage payment holiday
- What's happened to mortgages during COVID-19?
- How has the coronavirus affected house prices?
For the latest updates and advice, visit the Which? coronavirus information hub.
NatWest mortgage customer ratings
NatWest is the title brand of the NatWest Group (formerly The Royal Bank of Scotland Group), and is one of the UK's biggest mortgage lenders.
The table below shows how NatWest performed in our latest mortgage satisfaction survey, from application process to value for money.
| Customer rating for: | Star rating |
|---|---|
| Customer service | |
| Application process | |
| Value for money | |
| Keeping you well informed | |
| Clarity of statements | |
| Transparency of charges | |
| Query and complaint handling | |
| Ability to overpay or underpay mortgage | |
| Online access | |
Star ratings based on a June/July 2020 Which? survey of 3625 members of the general public in which 290 people told us they had their mortgage with NatWest.
What kinds of mortgages does NatWest offer?
Many mortgage lenders have significantly cut their offerings this year due to the coronavirus outbreak.
When we checked in September 2020, there were 76 mortgages available from NatWest. All but one of these deals were fixed-rate - meaning your interest rate will stay the same for a set initial period.
NatWest's mortgages came with a initial period of either two or five years.
Does NatWest offer the best mortgage deals?
Our experts analysed hundreds of mortgages over a four-week period in July 2020. They compiled a total of 208 ‘top-10 cheapest deal’ tables based on a variety of borrowing scenarios, and counted how many times each lender featured in a table.
The average number of times a lender made it into a table was 16, but NatWest failed to feature at all, meaning it rarely offers the cheapest rates. (Data source: Moneyfacts.)
Interest rates on NatWest mortgages
In September 2020, the average rate on a two-year fixed-rate mortgage from NatWest was 2.12%, compared to the overall market average of 2.33%.
How much could I borrow from NatWest?
NatWest will lend to first-time buyers and home movers at 60%, 70%, 75%, 80% and 85% loan-to-value. Remortgagers can borrow at up to 90% loan to value.
NatWest will lend between four and 4.85 times your annual salary, depending on your earnings and the loan to value ratio you're borrowing at.
Can I make overpayments?
NatWest's deals allow you to overpay up to 10% of the mortgage balance each year.
How can I contact NatWest?
Mortgages from NatWest are only available directly, so you won't be able to access them through a mortgage broker.
NatWest can be contacted on 0800 096 9527.
Its website is natwest.com.
