NatWest Mortgage Product Transfer Advice
If your NatWest deal is coming to an end, we will review what NatWest can offer you alongside rates from over 90 other lenders, and help you reach a decision that is right for your situation. For a straightforward rate switch, we charge no client fee.
Why use Aspect Mortgages for your NatWest product transfer?
Advice, not just information. We recommend the right option for you. NatWest can only show you their own rates.
Whole market comparison. We check 90+ lenders before recommending you stay with NatWest.
No fee for a like-for-like rate switch. Straightforward advice at no cost to you.
We lock in your rate early. NatWest's booking window opens four months ahead — we act as soon as you are eligible.
We sense-check rates before completion. A few weeks before your new deal starts, we review the latest rates to make sure you are still on the best available option.
We look after you for life. We will remind you before every future deal end date so you never drift onto the Standard Variable Rate.
How does a NatWest product transfer work?
When your current NatWest mortgage deal ends, NatWest will offer you a selection of new rates from their own range. This is called a product transfer, or rate switch. No solicitor is required, no valuation is needed, and in most cases no full affordability assessment is carried out.
The booking window is four months. You become eligible to lock in a new deal four months before your current deal expires. The new rate will not start until your existing deal ends, so there is no overlap and no gap. NatWest will contact you directly as your deal end approaches, but speaking to us before that point means you are prepared rather than reactive.
NatWest now offers personalised rates. Since July 2024, NatWest has moved away from publishing a standard product transfer rate table. Each existing customer is now shown a tailored set of rates based on their individual circumstances, including their loan-to-value ratio, account history and remaining term. This means the rates you see when you log in may differ from anything published online. We access those personalised rates through the NatWest intermediary portal and compare them against the rest of the market before making a recommendation.
No credit check for a standard product transfer. NatWest does not carry out a new credit assessment or affordability check for a like-for-like rate switch. You are an existing customer, and NatWest uses your account history rather than starting the process from scratch.
If your deal has already ended, you will have moved onto NatWest's Standard Variable Rate (SVR). The current SVR is significantly higher than their fixed and tracker rates. The good news is that customers on the SVR can apply for a product transfer at any time, not just during the standard four-month window. If you are currently on the SVR, it is worth acting promptly.
If you are on a NatWest tracker mortgage, NatWest offers a Track and Switch facility. Once your tracker mortgage has drawn down, you can switch to a fixed rate at any point, without incurring an early repayment charge, provided you meet the criteria for the new product. This can be a useful option if you took a tracker rate while waiting for fixed rates to settle and now want to lock in.
Use our repayment calculator to see what a change in rate could mean for your monthly payments before we speak.
One thing to note on eligibility: NatWest requires that more than 27 months remain on your mortgage term at the point you apply for a product switch. If your remaining term is shorter than this, you will need to contact NatWest directly to discuss your options.
For many homeowners, particularly those in unstable financial circumstances or with limited equity, a product transfer can be the most practical and cost-efficient option. But it is not automatically the right choice, which is why it is worth speaking to an adviser about your options.
What if you want to make changes at the same time?
A standard NatWest product transfer covers a like-for-like rate switch. If you want to make any of the following changes at the same time, a product transfer through the standard process is not available and you will need to contact NatWest directly:
Changing your mortgage term (extending or reducing)
Switching between repayment and interest-only
Adding or removing a name from the mortgage (transfer of title)
If you want to borrow additional funds, NatWest does allow additional borrowing to be combined with a product transfer in some circumstances, but this is subject to full underwriting and a credit assessment. It is effectively a separate application running alongside the rate switch. A hard credit search will be carried out.
NatWest has also introduced a standalone additional borrowing process, which allows existing customers to apply for further lending at any point during their mortgage term, not just within the product transfer window. This is worth knowing if your borrowing need is separate from a rate switch.
Where structural changes are involved, it is also worth checking whether remortgaging to a new lender might offer better terms overall. We charge a fee of £495 for advice on applications involving structural changes. We will always explain this clearly before you commit to anything.
NatWest Product Transfer vs Remortgage
NatWest's personalised rate approach means there is no simple published list to compare against. What you are offered will depend on your specific circumstances. For some customers, the rate NatWest offers is very competitive. For others, the wider market will do better. The only way to know is to look at both.
A product transfer is usually the right route when your financial position is straightforward, your loan-to-value is comfortable, and you want a fast, low-hassle process. A remortgage to a new lender takes more time and involves legal work, but opens up a wider pool of rates and more flexibility if your circumstances have changed since you took out the original mortgage.
We do not charge a fee for a like-for-like rate switch. Our standard advice fee of £495 applies when structural changes are involved.
Not sure whether a product transfer or a remortgage is the right move? Our guide to fixed vs tracker mortgages can also help if you are deciding which type of rate to take. We cover the full range of mortgage options and can talk you through the numbers at no cost.
Frequently Asked Questions
Can I do a Natwest product transfer through a broker?
Yes. NatWest accepts product transfer applications from registered mortgage intermediaries through their dedicated broker portal. There is no disadvantage to using a broker. We access NatWest's intermediary system to retrieve your personalised rate options, compare them against rates from 90+ other lenders, and then give you a clear recommendation. If the NatWest rate is the right choice, we will tell you. If something else is better, we will tell you that too.
When can I start looking at NatWest product transfer rates?
You become eligible four months before your current deal ends. NatWest will contact you directly at that point, but we recommend speaking to us at least four months in advance so we have time to review everything properly. If your deal has already ended and you are on NatWest's Standard Variable Rate, you can apply for a product transfer at any time.
Does NatWest carry out a credit check for a product transfer?
No, not for a standard like-for-like rate switch. NatWest does not run a new credit assessment or income check for existing customers switching rates on the same terms. If additional borrowing is included, a hard credit search will be carried out as part of the underwriting process.
What are NatWest's personalised product transfer rates?
Since July 2024, NatWest no longer publishes a standard set of product transfer rates. Instead, each customer is presented with a tailored selection based on their own loan-to-value, account history and remaining term. This means the rates available to you are specific to your mortgage and may be different from anything shown in a rate table online. We retrieve your personalised options through the NatWest intermediary platform when we review your case.
What is the NatWest Track and Switch feature?
If you are currently on a NatWest tracker mortgage, the Track and Switch facility allows you to switch to a fixed rate once your tracker has drawn down, without paying an early repayment charge. This can be useful if you originally opted for a tracker rate while waiting for fixed rates to improve. The switch works in the same way as a standard product transfer and does not involve a new credit assessment. Note that customers on a NatWest Lifetime Tracker need to contact NatWest directly rather than using the standard intermediary route.
What happens if I have more than one sub-account on my NatWest mortgage?
NatWest allows product transfers on mortgages with up to five eligible sub-accounts. Where sub-accounts have different deal end dates, NatWest processes these as separate applications in sequence, starting with whichever part expires first. The paperwork for each sub-account is issued in turn. If you have more than five sub-accounts that need switching, you will need to contact NatWest directly. This is worth being aware of if your mortgage was set up with split parts on different rates or terms.
Can I change my mortgage term as part of a NatWest product transfer?
No. NatWest does not allow term changes to be made through the standard product transfer process. If you want to extend or reduce your term at the same time, you will need to contact NatWest directly. Changes to repayment type (for example, switching from interest-only to repayment) are handled the same way. If you want to make these changes and also consider the wider market, a full remortgage to a new lender may be worth exploring. We can advise on that as part of the same conversation.
What other mortgage services does Aspect Mortgages offer?
As well as product transfers, we advise on remortgages, first time buyer mortgages, home mover mortgages and buy-to-let mortgages. We also have specialist advisers for self-employed applicants, contractors and professionals. See the full range of mortgage services we offer.
Why Choose Aspect Mortgages?
Independent and FCA regulated. We work for you, not for the lender
Whole of market access across 90+ lenders and leading insurers
Family run since 2004 with over 100 years of combined team experience
Local office, national reach. Serving clients across Lancashire, Greater Manchester and nationwide.
Real people, no jargon. Plain English, at your pace
Rated 5 stars across 470+ Google reviews. One of the most reviewed brokers in the North West
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There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £495 for a residential/buy to let mortgage or £1495 for an equity release/retirement mortgage.
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