Mortgage rates and types

Compare mortgage types and differences

Which mortgage is best for me?

When you're looking for a home, not just any house will do. It's the same with mortgages... Beyond just interest rates and terms, it's important to think of your own personal situation.

We offer a range of mortgages you can compare, to help find what’s right for you.

Fixed rate mortgage

You pay the same amount for a set period. The interest rate is fixed for a set period as well as your monthly payments - e.g. two or five years. This means you'll know exactly how much your payments will be, helping you plan a monthly budget.

Tracker rate mortgages

For a set period, often two, three or five years, your interest rate will rise and fall in line with another interest rate, typically the Bank of England base rate. If the rate drops, your monthly payments reduce, but, if the rate goes up, your mortgage payment does too.

Standard variable rate

When your initial mortgage deal is over, the standard variable rate (SVR) is the rate you'll move to, changing your mortgage payments. If you don't want to go onto the SVR, you can shop around towards the end of your current deal, for another mortgage.

Interest only mortgage

With an interest-only mortgage your repayments only cover the interest on the amount you borrowed. This means you pay the full amount back at the end of the mortgage term in one lump sum. Eligibility criteria and specific terms and conditions will apply for interest only mortgages.

More on mortgage interest rates

Learn more about mortgage interest rates, what interest rates are and how they work.

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You could buy your new home with just a 5% deposit

What type of mortgage do I need?

There are several different types of mortgage depending on the property you are purchasing and your situation. It is important to compare mortgage types before deciding which best suits your needs. Find out more about different mortgage buyer types.

First time buyer

If you are new to the housing market you are generally considered a first time buyer. If you have never owned a property before you might qualify for lower deposit mortgage products, such as our 95% mortgages.


Remortgaging is used if you are coming to the end of your current mortgage deal. You can remortgage with the same lender but it is also a chance to move to a new lender. You might find a new deal that suits your needs better.

Moving home

Understand the mortgage options available to you when you are moving home. You might need to pay stamp duty when moving home and there may be additional costs to consider. Find the best mortgage for you when moving home.

Buy to let

Buy to let mortgages are for a landlord who wants to buy a property to rent out. The application is different to residential mortgages. Learn about your mortgage options if you're buying a property with the intention to rent it out.

Finished comparing mortgages? Now start planning...

Mortgage calculators

Our mortgage calculators give you an indication of the type of mortgage you could get, based on your personal details and current circumstances.

Agreement in Principle

If you've found the property for you, the next step is to get an AIP (sometimes called a Mortgage in Principle). It will show you if we may be able to lend you the amount you need.

First time buyer guide

We are here to help you on the journey to buying your first home. Our guide tells you everything you need to know to get on the property ladder.

How much can I borrow for a mortgage?

The amount you can borrow for a mortgage will depend on a number of factors determined by the lender. Some of these factors that a mortgage lender might consider include your salary, the size of your deposit and your credit history. You can find out more about mortgage eligibility here. You could calculate how much you can borrow with NatWest using our tool below.

More mortgage types, offers and schemes

Beyond fixed and tracker, there are other types of mortgages that we may be able to offer, depending on your circumstances.

Joint mortgages

Buying with more than one person.

A joint mortgage means you can have a shared mortgage with other people and is one of the most common ways to buy a property. NatWest only provide joint mortgages for two people but some lenders allow more than two. Find out more about our joint mortgage products and how they work

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Green mortgages

A better deal for a greener property.

If you're purchasing a property with an Energy Performance Certificate (EPC) rating of A or B, you may be able to benefit from a green mortgage.

Exclusions and eligibility criteria applies. Early repayment charges and product fees may apply.

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Second home mortgages

Buying a second property

There are many reasons to purchase a second home and you can have more than 1 mortgage prouct at a time. Your ability to get a second home mortgage will depend on your ability to meet repayments and other factors. If you are thinking about a sceond home, read more in our guide to second home mortgages.

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95% mortgages

A mortgage with as little as a 5% deposit.

Saving money for a deposit can be difficult. Therefore, purchasing a property with a 95% mortgage, with a deposit as low as 5%, could be a good option.

You could also consider a 90% mortgage, with a 10% deposit.

Exclusions & eligibility criteria apply.

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Cashback mortgages

A little something back when you take out a mortgage.

With a cashback mortgage, you'll receive a little money back once you've taken out your mortgage.

Eligibility criteria applies. Cashback is available on selected mortgages only and can be changed or withdrawn at any point.

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Free valuations

Avoid one of the expenses of buying a home

We may be able to offer you a free standard mortgage valuation when you move home and take a mortgage with us. The offer is only available on selected mortgages marked with 'Free standard valuation'. Exclusions apply.

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