Overlay
Existing mortgage customers

Request a mortgage redemption statement

If you want to repay your mortgage, or move your mortgage to another lender, you'll need a redemption statement to give you a final settlement figure.

Your home or property may be repossessed if you do not keep up repayments on your mortgage

What is a mortgage redemption statement?

A mortgage redemption statement is a document from your lender that shows what you’ll need to pay on a chosen date to pay your mortgage off in full.

It usually includes:

  • Your remaining mortgage balance
  • Any interest due up to the date you plan to pay it off
  • The daily interest rate (so you know how extra days affect the total)
  • Any Early Repayment Charges (ERC) that apply

You’ll need this statement if you’re paying off your mortgage early or moving it to a new lender (remortgaging) and it helps make sure you pay the correct amount.

Ways to request a Redemption Statement

You can request one via the mobile app, online banking or, if you're a solicitor, using the LMS Portal.

Mobile App

Log in to the NatWest app, tap on your mortgage and then click 'Manage your Mortgage'.

Not registered for mobile? You can register using your mortgage account number. 

Information Message

Online Banking

You can access 'Manage your Mortgage' through Online Banking.

Not registered for Online Banking?  To register for Online Banking, you'll need to use your mortgage account number. If you need any help, then you can follow our step by step guide.

Information Message

LMS Portal for conveyancers

If you’re a solicitor acting on behalf of a NatWest client, check if you can use the LMS Portal by following the instructions on our conveyancer pages.

Information Message

Requesting your redemption statement

You can request a redemption statement through online banking, the mobile app or through your solicitor who can use our online form.

To get your statement:

  1. Log in to the NatWest app or Online Banking
  2. Tap 'Manage your Mortgage'
  3. Choose ‘Your statements & certificates’, and then select ‘Redemption’ 

You can request a redemption statement for either an individual sub-account or your full mortgage balance.

  • You can choose a date that works for you—any working day up to 4 weeks ahead.
  • Most statements are ready straight away. If we need to do a few extra checks, we'll email it to you within 5 working days.
  • Your statement will be sent as a PDF to the email address(es) you provide.
  • You can also download, save, or print it whenever you need.
  • It will show exactly how much you'll need to repay—including any applicable interest or Early Repayment Charges (ERC).
  • You can also make a payment here when you're ready to close.

How we calculate your redemption statement

We start with the balance shown on your most recent annual mortgage statement, then adjust it as follows:

We add:

  • Any new borrowing since your last statement.
  • Interest from the date of your last statement up to (and including) the day you plan to repay your mortgage.
  • Any Early Repayment Charges (ERC) if your current rate includes one.
  • Any other fees charged.
  • Any Direct Debit payment received but not yet cleared (if applicable).

We subtract:

  • Payments you’ve made since your last annual statement.

 

The result is the amount you’ll need to pay to fully settle your mortgage. It’s important to remember that your mortgage won’t be fully repaid until any payments we’ve received have cleared.

A few important things to know:

  • If your current deal is ending, your statement will show any ERC that applies right up to the end date of your deal.
  • Don’t cancel your Direct Debit until your mortgage is completely paid off — we include this in your calculation.
  • If a Direct Debit shows as uncleared, it can take up to three working days from the collection date to clear.
  • If you pay more than required, any extra amount will be refunded automatically — you won't need to take any action.

Frequently asked questions about redemption statements

Need some help?

Call us