Written by Mark Langshaw Reviewed by Lee Trett
Sources
10 September 2026
Lowest rate is currently 4.1% - 25 months tracker interest only mortgage at 60% LTV
9 September 2026
Lowest rate is currently % - 0 year interest only mortgage
9 September 2026
Added lending criteria section to detail the eligibility requirements for NatWest's products
29 August 2026
Lowest rate is currently 4.1% - 25 months tracker interest only mortgage at 60% LTV
28 August 2026
Updated lender criteria and range and added broker quote
1 May 2024
First Published
About NatWest Mortgages
NatWest Group plc is one of the UK’s "Big Four" clearing banks, operating key financial brands including NatWest, Royal Bank of Scotland, Ulster Bank, and Coutts. Officially rebranding from the Royal Bank of Scotland Group to NatWest Group in 2020, the institution has returned to 100% full private ownership while maintaining its position as a pillar of British retail and commercial banking.
Managing over £700 billion in assets and serving 19 million customers, NatWest holds roughly 12% to 13% of the UK residential mortgage market. It is also the country's largest commercial lender - holding a 25% share of business deposits and funding 1 in 4 UK start-ups - making it a primary benchmark provider for both individual homebuyers and business borrowers.
You can compare the latest rates from this lender against more than 90 others by using our free mortgage sourcing tool below:
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A repayment mortgage of over year, APR %. Total payable (incl. product fees of ). Repayments: months at (%), then months at (%, variable). Early repayment charges apply. Rates not guaranteed.
About these rates
Rates shown are illustrative based on the property value, mortgage amount, and term you entered above. Actual rates and total cost depend on your credit profile, deposit, and lender assessment. APR figures include product fees where applicable. Early repayment charges may apply. Rates are not guaranteed and may change before you apply - speak to an adviser to confirm what's available to you today. For a per-product representative example, open Show full details on any card above.
What type of mortgages do they offer?
They offer a wide range of fixed rate and tracker mortgages, with capital repayment and interest-only options available, with deposit requirements typically starting at 5% of the property's value.
They specialise in areas including:
For those looking at new build properties, NatWest offers 95% LTV on new-build houses (requiring only a 5% deposit) and 90% LTV on new-build flats. Developer incentives up to 15% are accepted (the first 5% is ignored for loan size calculations), alongside 12-month offer extensions for new builds.
Do they offer bad credit mortgages?
Yes. NatWest can offer bad credit mortgages for borrowers with certain types of adverse, such as debt management plans (discharged), defaults, CCJs, and IVAs (discharged). They may apply conditions to the deal if your credit problems were recent, while the most severe issues such as bankruptcies will need to have been discharged for six years.
Typical lending criteria
NatWest relies on automated credit scoring and standard high-street underwriting rules, making their criteria straightforward for prime borrowers while maintaining conservative boundaries for complex scenarios. Eligibility guidelines across their mainstream residential and investment ranges generally reflect the following:
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Applicant Age Limits: Typically enforces standard high-street age caps, requiring Capital & Interest repayment mortgages to complete by age 75 (or intended retirement age) and Interest-Only facilities to end by age 70 (or up to age 80 for Buy-to-Let landlords).
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Income & Affordability Assessment: Generally caps standard residential borrowing at 4.5x gross annual income (with enhanced multiples up to 5.0x or 5.5x available for higher earners or specialised schemes). Accepts regular overtime, secondary jobs, and up to 50% of annual discretionary bonuses averaged over two years.
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Self-Employed & Contractor Requirements: Typically requires a minimum of 2 full years of verified trading accounts (assessing salary plus drawn dividends for company directors or net profit for sole traders), while offering dedicated day-rate calculation hubs for qualified IT and professional contractors.
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Adverse Credit Tolerance: Operates a strict mainstream credit stance; expects a clean background credit profile and generally rejects applicants with IVAs, bankruptcies, or CCJs registered within the last 6 years, though minor historical blips may pass automated scoring checks.
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Property & Usage Guidelines: Broad appetite for standard UK residential homes, new-builds, and mainstream Buy-to-Let properties, while enforcing stricter deposit and valuation requirements on non-standard construction, high-rise flats, or complex multi-unit blocks.
What mortgage rates are currently available?
NatWest's mortgage rates are generally competitve with other high street mortgage lenders, and often lower than specialist mortgage providers'.
The exact rate you end up with will depend on the amout of deposit you have, the overall strength of your application and the type of product you choose.
Compare today's best mortgage rates
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Our mortgage sourcing tool is FREE and will show you the latest deals from NatWest and others so you can make an informed decision about which to choose.
Click the button below to get started comparing the entire market for free.
What type of buy-to-let mortgages do NatWest offer?
NatWest offer buy-to-let mortgages with deposit requirements starting at 25% of the property's value. Rental income must be at least 125% of the monthly mortgage payments to qualify.
Other criteria includes:
- Age: Landlords must be aged over 18 and have permanent right to reside in the UK.
- Property and mortgage values: The minimum property value is £50,000 and landlords must be borrowing at least £25,000. Maximum aggregate borrowing with NatWest brands cannot exceed £3.5 million. Portfolio limits capped at 10 mortgaged properties total
- Term lengths: Terms of between 3 and 35 years are available.
- Income: No minimum income requirement but NatWest does not permit top-slicing on BTL applications.
The lender’s buy-to-let range is currently dominated by two and five year fixed-rate mortgages, as well as exclusive remortgage and ‘green’ deals.
Buy-to-let mortgages for specific niche property and tenancies types, namely multiple tenancies, Homes of Multiple Occupancy (HMO), bedsits, ‘Related Person’ tenancies, properties that fall under a selective licensing scheme or properties that will be used as a holiday home or holiday let, will not be approved.
How much will NatWest let you borrow?
You can borrow between 4 times and 6.5 times your income, depending on your circumstances.
The table below shows how your maximum borrowing can vary with this lender:
| Income Multiple | When NatWest Will Apply It |
| 4.0x | Applied as standard for lower income tiers (e.g., individual incomes under £40,000) or where affordability assessments identify higher committed expenditure, debt, or dependents. |
| 4.5x | The standard baseline limit for most standard UK employed or self-employed applicants earning up to £40,000, across both low and higher Loan-to-Value (LTV) products up to 90–95% LTV. |
| 5.0x | Typically applied to single or joint applicants with moderate incomes (around £40,000+) borrowing at higher Loan-to-Value ratios (above 75% LTV) where enhanced affordability checks pass. |
| 5.5x | Available for capital and interest repayment mortgages when applicants earn a minimum of £40,000 (sole or joint) at 75% LTV or lower, or higher income tiers (£75k+ single / £100k+ joint) up to 90% LTV. |
| 6.0x | Applies to higher earners on capital and interest repayment plans with a clean credit history: single applicants earning £75,000+ or joint applicants earning £100,000+ at 75% LTV or lower. |
| 6.5x | Reserved for high earners, typically on joint applications with a combined income exceeding £150,000 at low LTVs (75% or below), or via specialist/private banking lending rules. |
You can use our calculator below to work out how much you could borrow based on these exact income multiples:
What kind of reviews does NatWest have?
NatWest currently holds a review score of 1.4/5 from customers rating all of its products and services on TrustPilot. However, they have fared better elsewhere, scoring 4.385 from mortgage customers on Smart Money People and coming joint 7th out of 22 mortgage lenders, in a survey carried out by Which?, with a customer satisfaction score of 70%.
Pros and cons
The table below offers an overview of the advantages and disadvantages of NatWest as a mortgage lender to give you an idea of whether they are the best option for you.
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Advantages |
Disadvantages |
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Low deposit mortgages available |
Limited options for newly self-employed borrowers |
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Can offer higher salary multiples than some high street lenders |
Not all government schemes supported |
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Bad credit mortgages available |
Stringent criteria for properties with some types of non-standard construction |
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Options for later-life borrowers, including equity release |
Limited options for borrowers who rely on family support, such as guarantors |
Broker opinion
Mortgage Advisor & Director
Get independent advice about NatWest mortgages
The most important thing to take on board here is that you need to compare NatWest's mortgage range with that of other lenders across the market. Limiting yourself to just one lender could mean missing out on more suitable deals elsewhere.
There are brokers on our team who have a working relationship with NatWest. They know their product range well and can compare them with every competitor across the market on your behalf to help you decide whether they are the perfect fit for you.
Here are just some of the reasons you should use us for your mortgage comparison needs:
- Our mortgage brokers are whole-of-market
- They often have access to exclusive rates and deals
- We are 5-star rated on leading review websites
- Your first consultation is FREE
Ready to see how NatWest's latest rates compare to deals from across the and speak to one of our brokers about their products? Get started here.
NatWest mortgage offers are typically valid for six months. However, in certain situations, they may choose to extend your offer.
If you've had a mortgage offer approved with NatWest but for reasons outside of your control can't complete the purchase or remortgage, you may find that they can extend your mortgage offer by one month so that you have extra time.
Yes, you can port your existing NatWest mortgage to another property, which can help you to avoid paying early repayment charges.
Yes, you can pay up to 10% of the remaining mortgage balance annually with a NatWest mortgage. Paying your NatWest mortgage off early will reduce the total amount of interest you have to pay. However, there are charges for paying off a mortgage before the end of its term.
Early repayment charges (ERCs) on a NatWest mortgage of the equivalent of 58 days' interest on the amount you are repaying early, or 28 days' interest if the remaining term length is one year or less.
Yes, NatWest does offer equity release, which can be used as a tool to help you boost your income in retirement or pay for living expenses by releasing the value of your property.
Yes, you can obtain a joint mortgage with NatWest as long as you both meet the eligibility and affordability criteria.
Yes, you can manage your NatWest mortgage online, including managing payments, viewing statements and updating your information.
No. NatWest do not currency offer mortgages to buy properties through the Shared Ownership scheme, but lend up to 95% LTV for those with minimal deposit.
No. Head to our guarantor mortgage guide to find lenders who do offer this.
We have a standalone guide on our website that you can turn to for advice in this scenario - see our article for mortgage applications who have been declined by NatWest for more information.