NatWest
BankNatWest is a major UK high street bank offering an extensive mortgage range including residential, buy-to-let, commercial, shared ownership, and government-backed products. Known for strong intermediary relationships, NatWest is a frequent choice for both direct applicants and broker-sourced deals.
About NatWest
NatWest was formed in 1968 through the merger of National Provincial Bank and Westminster Bank. The bank became part of the Royal Bank of Scotland Group (now NatWest Group) and today operates as one of the UK's leading retail banks. NatWest Group is majority-owned by the UK government following the 2008 financial crisis, though the government has been gradually reducing its stake.
NatWest offers one of the broadest mortgage ranges among UK high street banks. It supports shared ownership and Help to Buy schemes, helping first-time buyers with smaller deposits. The bank also offers a Family Deposit Mortgage, similar to Barclays' Springboard product, allowing family members to use savings as security. NatWest has invested in green mortgages, offering cashback for energy-efficient homes.
The bank is a major player in the intermediary market, with strong relationships with mortgage brokers. NatWest processes a significant volume of broker-sourced applications and is known for competitive turnaround times. It serves residential, buy-to-let, and commercial mortgage customers across the UK.
Lending Focus
NatWest offers mortgage products across 5 categories including Residential, Buy-to-Let, Commercial and 2 more.
Key Features
- Shared ownership and Help to Buy mortgage products
- Green mortgage offering cashback for energy-efficient homes
- Dedicated large-loan team for borrowing above standard limits
- Family Deposit Mortgage allowing family members to use savings as security
- Flexible overpayment options and payment holidays on selected products
Pros & Cons
Pros
- Supports shared ownership and Help to Buy government schemes
- Broad product range including residential, buy-to-let, and commercial
- Green mortgage incentives with cashback for energy-efficient homes
- Strong broker channel with fast turnaround times
Cons
- –No expat or foreign national mortgage products
- –Rates can be slightly higher than building society competitors
- –Limited flexibility on non-standard construction types
Fees & Charges
- Arrangement Fee
- £999 or fee-free options available
- Valuation Fee
- Free standard valuation on most products
- Early Repayment Charge
- 1–5% during the initial fixed or tracker period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on NatWest
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks from application to offer
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 95%
- Max Loan Amount
- £5m
- Min Loan Amount
- £25k
- Rate Types
- fixed, tracker, offset
Frequently Asked Questions
Does NatWest offer shared ownership mortgages?
Yes, NatWest offers shared ownership mortgages allowing you to buy a share of a property (typically 25–75%) and pay rent on the rest. You can staircase to full ownership over time.
What is the NatWest Family Deposit Mortgage?
The Family Deposit Mortgage allows a family member to place 10% of the purchase price into a NatWest savings account as security. The buyer can then get a mortgage with no deposit, and the family member's savings are returned after three years if all payments are met.
Can I get a NatWest mortgage if I am self-employed?
Yes, NatWest accepts self-employed applicants with at least two years of trading history. You will need to provide SA302 forms or certified accounts to verify your income.
What is the maximum mortgage term with NatWest?
NatWest offers mortgage terms of up to 35 years, provided the borrower will be no older than 70 at the end of the term.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Barclays | Residential, Buy-to-Let, Commercial | Bank | 95% |
| Metro Bank | Residential, Buy-to-Let, Commercial | Bank | 90% |
| Aldermore | Residential, Buy-to-Let, Commercial+1 | Specialist | 85% |
| Handelsbanken | Residential, Commercial | Bank | 85% |
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice.Always verify lender details directly and seek independent advice before making financial decisions.
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