Remortgage to NatWest

You can remortgage at any time, but it only really makes sense to do so when it works to your advantage.

While most remortgage when they get to the end of a mortgage deal, it could be advantageous to remortgage earlier if you could achieve a lower interest rate, or if you've built up a certain amount of equity in your home.

The decision on when to remortgage comes down to a consideration of costs and benefits. If you want to remortgage before a fixed rate deal comes to an end, for example, you'll probably have to pay early repayment charges or fees. These costs would often outweigh the potential benefits of remortgaging.

When you remortgage, you may be looking to release equity from your property. This means borrowing more from your new mortgage lender than the remaining money you owe. You could then use this additional money to fund home improvements, or a one-off purchase like a car or holiday, for example.

Releasing equity will increase your loan-to-value (LTV). So, if you had built up 60% equity in your home (a position of 40% LTV), you might consider remortgaging at 60% LTV. This means your equity would drop to 40%, but you would have 20% of the value of your property available as useable funds.

A higher LTV however, means you owe more money to the mortgage lender for your property, so you'll pay more in interest and any other applicable charges. A higher LTV may also mean you have to pay a higher rate of interest on the loan.

If you're interested in remortgaging to NatWest to unlock equity in your home, it's best to arrange a branch or phone appointment with one of our mortgage professionals.

No. As part of a standard remortgage, we will provide a free conveyancer for the legal work involved. This means we won’t charge you legal and valuation fees, although there may be instances where you don’t qualify for this. You can talk to us when applying to find out more specific information.

There may be some scenarios where you may want to appoint a conveyancer, such as when adding or removing a party to the mortgage when you remortgage.

Applying for a remortgage could be more difficult if you have a poor credit score, but a poor score doesn't necessarily mean you can't remortgage.

If you know you're likely to be planning a remortgage in the near future, it's a great idea to be aware of your credit score in advance, and take actions to improve your score if necessary. This could improve the range of options available when you come to remortgage.

NatWest customers can check their TransUnion credit score for free using our Mobile Banking app - criteria apply. Find out more in our credit scoring guide.

If you're remortgaging to help ease the rising cost of living, your current mortgage provider could provide you with additional support without impacting your credit score.

We're committed to helping our customers through this difficult time and we're pleased to be part of the Mortgage Charter support to help ease financial pressure on mortgage customers. 

Find out how NatWest is supporting mortgage customers

It depends on whether you’re sticking with your current lender or moving your mortgage to a new one.

If you’re staying with your existing provider by moving on to a new deal (also known as switching your rate), you won’t usually require a solicitor. 

However, you will need the help of a solicitor when remortgaging to a different lender. This ensures all the legal documents for your new mortgage are filed correctly.