NatWest urges homeowners to save money by remortgaging

NatWest is demonstrating its commitment to offering great value remortgage deals by inviting mortgage customers of Halifax, Abbey, Lloyds TSB, C& G, Woolwich and Barclays to take the NatWest mortgage challenge.

NatWest promises to give £1,000 to customers if they are coming to the end of their current fixed, discount or tracker deal and NatWest are unable to lower the monthly repayments on the new deal they’re being offered by their lender.

To coincide with the mortgage challenge, NatWest has simplified its mortgage process to make it easier and quicker to remortgage, and is also offering a competitive range of deals to reduce the upfront cost of switching lender. Customers can choose whether to have the lowest pay rate possible (and pay the associated fees), or to select a fees assisted / fee saving deal where legal and valuation costs are covered. 2 year fixed rates start at 5.19% with a £499 product fee, along with a 5.45% 2 year fixed rate with free valuation and no legal fees for remortgage customers.

Craig Donaldson, Managing Director, Mortgages, said: “For the majority of us our monthly mortgage repayment is our biggest outgoing and so it pays to shop around. The NatWest mortgage range is designed to make it simple for customers to choose the right deal for them by offering the choice between fees-assisted and fee-paying fixed and tracker deals.”