So much for being a loyal Natwest customer!

amanda1024

Have you actually talked to Natwest about what rates they’ll offer? Each time I’ve done a rate change at the end of a fixed rate I’ve been offered a better rate than what’s available online, when I’ve talked to the mortgage team at the bank (by phone)

amnblog

Speak to a good Broker. We could place your mortgage with NatWest at 4.79% on 5 year fixed with £995 fee today.

NatWest rates on the app or in branch seem to be a little higher than via Brokers currently.

MFWannabe

demontfort said:

Thanks a lot for all your responses, the outstanding mortgage is £230k so the 4.68% is definitely cheaper. The reason I'm keen to stick with Natwest is I quit my job at the start of 2023 and had 9 months off so have only recently started working as a contractor which may limit my options.

As for Natwest, their rates are complete nonsense and I'm half tempted just to pay the mortgage off and be done with it. Just for context, I have an LTV of 44% and have paying my mortgage to Natwest, with no problems for nearly 5 years and they offer me a 5 year fix at 4.94% with the £995 fee. Yet Natwest, currently offer a first time buyer with no mortgage history at 85% LTV a 5 year fix at a rate of 4.81% with the same fee plus £250 cashback. I have worked in banking for 15 years now and when I see loans being priced like this I am completely baffled by the stupidity. It makes me wonder if after all Natwest have been through  they actually understand credit risk. Are they running a charity or a bank here? 

Do you really want to fix for 5 years if you could pay the mortgage off anyway? 

What are NatWests other deals? 2 year; tracker? 

ElwoodBlues

NatWest just offered me 4.90% for a 5yr fix with no arrangements fee (via a broker). Must be something about your personal circumstances for them to be offering you worse rates?

badmemory

Natwest need new customers as they have had some bad publicity recently so it is fairly obvious why new customers would get better advertised rates.