Switching mortgage deals

You can change to a different mortgage deal, however, if you switch mortgage products during the term of the deal you could incur an early repayment charge. You can find out whether this applies by looking at your mortgage agreement documentation or by contacting us.

Approximately 6 weeks before your mortgage deal with us is due to expire, we will contact you via email or letter to let you know:

• The mortgage rates that are available to you and;
• How to renew your mortgage with us

If you would like to know when your deal is due to expire, please contact us.

Before your current mortgage deal ends, we'll send you an email or letter to let you know:

• The mortgage rates that are available to you and;
• How to renew your mortgage with us

You should receive the email / letter approximately 6 weeks before your mortgage deal is due to expire.

If your mortgage deal with us has ended and you want to know what options are available to you, please use our mortgage calculator to review our rates or contact us.

There are three different types of mortgage rates that you can choose from:

Fixed rate: This means your interest rate is set for a fixed period. After the term comes to an end the rate with revert to our Standard Variable Rate (SVR).

Tracker rate: This means your interest rate goes up or down in line with the NatWest International Bank base rate. After the term comes to an end the rate will revert to our Standard Variable Rate (SVR).

Standard Variable Rate: If you’re on our Standard Variable Rate, your interest rate may vary from time to time and can go up or down. However, you’re not tied to a deal and can change your product or mortgage without charge at any time.

You may need to speak to your mortgage broker if you’re looking to make one of the following changes:

• Additional Borrowing – A broker can help assess your affordability and find the right borrowing option for your needs.
• Transferring a Title – If you’re adding or removing someone from the mortgage, a broker can guide you through the requirements and impacts.
• Changing Repayment Type – Moving between repayment and interest‑only often needs guidance to understand what’s suitable for your circumstances.
• Switching from Buy to Let to Residential – A broker can explain what products are available and what criteria you’ll need to meet.
• Porting Your Mortgage – If you’re moving home and want to take your existing deal with you, a broker can help manage the process and check your eligibility.

A broker can offer tailored advice, review your situation and help you understand the best option before making any changes.

Find out more information on brokers