FTB coming off fix deal

hayley77

Hi all,
im due to come off my 5 year fix rate deal with natwest in june....my house was valued at 95000 when i bought it and my outstanding mortage will be around 80000...my fix rate was 5.99% and i believe natwests rate u go onto if you dont take a new deal is 4%
My questions are, what happens....i was a first time buyer?
Do they do a credit check if staying with natwest for new deal....nothing major but have had one late payment on card
How much can i expect to be paying and what the best thing to do??

Thanks in advance

kingstreet

Your "follow-on" rate is probably NatWest's standard variable rate, currently 4.0%. If you do nothing, that will apply automatically from the day after the fix ends.

You can ask NatWest what customer retention products it has available. No further status checks will be needed, but a fee may be payable.

If you want to know what you'll be paying, await the confirmation letter from NatWest, or put your outstanding amount, outstanding term and rate options into a mortgage calculator and see.