When you create a Tembo plan, you'll get a free, downloadable Mortgage In Principle for each of your eligible schemes.
Create your own personalised Tembo plan to see all the ways you could remortgage, including if you should stay with NatWest or make the switch to another provider.
NatWest offers a huge range of mortgage products, including fixed-rate, variable-rate, tracker and offset mortgages for first-time buyers, home movers, remortgagers and buy-to-let applicants. They also offer more niche products including green mortgages, equity loans and shared ownership mortgages.
Like most mortgage lenders, NatWest offers a range of mortgage products with different eligibility criteria. How much you could borrow for a mortgage depends on which products you're eligible for, your household income and deposit, and other factors like your credit score, employment type, and outgoings. But typically you can borrow between 4-4.5 times your income, although some applicants may be able to borrow more than this.
By creating a free Tembo plan, you can see what you could be offered for a mortgage by NatWest and other providers without applying.
Yes, if you currently have a NatWest mortgage and you're on a fixed or tracker rate product, you can overpay by up to 20% of your outstanding loan balance. Anything above this 20% threshold, you will have to pay an Early Repayment Charge (ERC) on.
So for example, if you have an outstanding mortgage balance of £180,000, this would mean you can overpay by a maximum of £36,000 without being hit by an ERC.
Senior Mortgage Advisor at Tembo
NatWest is one of the biggest mortgage lenders in the UK and has a reputation for offering good mortgage rates. A recognisable high-street name, NatWest holds an 11.5% share of the mortgage market and has a 70% score from its customers on Which?, which is higher than average. However, they are not rated highly on Trustpilot, with 1.4 stars out of 5 from almost 6,000 reviews, but this is comparable to other large lenders like Santander, Nationwide, and HSBC.
As with any lender, whether NatWest is the right mortgage lender for you depends on your affordability and individual circumstances, what mortgage products you're eligible for, and what the market is currently like. An expert mortgage broker like Tembo can help you navigate these factors to ensure you get the best mortgage deal for you.
NatWest does offer guarantor mortgages, but whether their products are right for you and your family depends on your individual affordability, as well as what mortgage products you qualify for. Working with a mortgage advisor can help you navigate lenders' different eligibility criteria and find the best deal for you from NatWest and other lenders on the market.
Unsure which mortgage deal to go for? Buying your first home can be confusing and overwhelming. Get help from the experts.
Coming to the end of your current deal? Remortgage onto a new one with our help. We'll show you whether you should stay with the same lender, or switch.
Upsizing to your forever home? Or maybe you're downsizing to something more manageable. Whatever your reason for moving, we can help you find the best deal for you.
Thinking of becoming a landlord? We can help you discover the best buy to let mortgage deal for you and how you could boost your mortgage affordability.
4 simple steps to buying your first home or remortgaging
Check your eligibility for a range of mortgages and buying schemes, and get a personalised recommendation with interest rates and repayments in under 10-minutes.
Book a call with our experts to complete the qualification process, and we’ll cover off any questions you might have about any of the mortgage deals and budget-boosting schemes we advise on.
Next, your dedicated advisor will undertake full affordability checks to prepare the mortgage application. Then we’ll submit it on your behalf!
Your Tembo advisor will be on hand to ensure everything runs smoothly, so you can move onto your new deal as quickly as possible.