Changing NatWest repayment to interest-only during fixed term

Westminster

Also turns out that NatWest accept downsizing and sale of the primary residence as an acceptable repayment policy - which is significantly easy for their processing than evidencing our original plan of using the tax free lump sum from our SIPP

CF432

Westminster said:

Turns out that NatWest have the same approach as Halifax - you can change to IO (assuming you meet the criteria) and remain on your current fixed rate. Seems like a no-brainer.

I'm waiting to find out how painful the process to apply will be ;-)

Hello, I am looking at doing something similar to you soon, would you be able to give a bit more detail on the process, what you were asked, etc?

penners324

It's likely to be a remortgage thus incurring ERCs which could be substantial