NatWest Remortgage Rates: Move to NatWest or Take the Switch Offer?

NatWest fixes run to a calendar date, not a count of months: 31 January 2029 on every 2-year product and 31 January 2032 on every 5-year product. Early repayment charges on the 2-year are 1.5% in year one and 0.75% in year two, and on the 5-year they step down from 4.5% to 4.25%, 4%, 2.5% and 1%. Every product allows overpayments of up to 20% of the balance a year without a charge. The 3 October repricing moved most of the range up, with the standard 5-year at 75% LTV rising from 5.16% to 5.25% and at 90% LTV from 5.35% to 5.50%, while the standard 2-year at 60% LTV held at 5.19%.

NatWest also prices 2-year trackers for remortgage, from 4.16% at 60% LTV, its base rate of 3.75% plus 0.41 points, with a £995 fee, or 4.68% fee-free. That is 1.03 points below the equivalent 2-year fix, worth about £148 a month on a £250,000 loan over 25 years, but the rate moves with every Bank of England decision. The early repayment charges are only 0.5% and 0.25%, so the tracker is also the cheapest NatWest product to leave. Our fixed or tracker mortgages analysis weighs that gap against the certainty a fix buys.

NatWest product transfer rates: what a switch offer covers

NatWest product transfer rates are not published. Existing customers see them inside Manage your Mortgage around four months before a deal ends, and a like-for-like switch on the same balance, term and repayment type needs no new credit check, affordability assessment or valuation. That makes the switch offer quick, but it is one lender's price.

NatWest's rate finder returns no products at all for an existing customer, so the remortgage table above is the only NatWest pricing anyone outside the bank can check, and it is the benchmark a switch offer should be tested against. NatWest prices a switch from the higher of its own estimated property value and the most recent valuation it holds, quotes online in about ten minutes and lets a customer on the Standard Variable Rate switch at any time. A customer on a tracker can move to a NatWest fixed rate without an early repayment charge. Anyone still inside a fixed period, or on an Offset mortgage, has to arrange the switch by talking to NatWest rather than online, and the early repayment charge can apply.

Borrowing more at the point of switch is possible at the same rate, but it brings back the credit and affordability checks, which removes the main advantage of the switch route. Our product transfer mortgage guide explains when a like-for-like switch beats a full application, and our standard variable rate chart shows where NatWest's 6.74% reversion rate sits against other lenders.

Is a NatWest switch offer better than remortgaging elsewhere?

Often, when the balance stays the same and the switch rate sits close to NatWest's own remortgage table, because no valuation, legal or affordability work is needed. It loses when another lender prices your LTV band lower, when you need to borrow more, or when a higher valuation would move you into a cheaper band.

NatWest's remortgage table is the public yardstick. On a £250,000 balance over 25 years, the 5.19% 2-year fix costs about £1,489 a month and the fee-free 5.44% about £1,526. If a switch offer for the same LTV band and fee sits well above those figures, other lenders are likely pricing that band more keenly too, and a remortgage elsewhere with free legals and a free valuation deserves a costing. Our remortgage calculator runs the break-even month for any two deals.

Where a new lender wins is on the LTV bands and on criteria. NatWest's own table shows the steps on the 2-year £995 fee product: 5.19% at 60% LTV, 5.37% at 75%, 5.40% at 80%, 5.41% at 85% and 5.47% at 90%. The biggest step is the 0.18 points between 60% and 75%, so a borrower just above 60% gains most from a fresh valuation. NatWest uses the higher of its index estimate and its last valuation on a switch, but a new lender's surveyor can value higher still. Our LTV calculator shows which band a current valuation lands in.

To see a NatWest switch offer and a remortgage to NatWest costed against the whole of market on your own balance, call 01202 155992 or contact Mortgage One.

Which NatWest remortgage deals have the lowest total cost?

At our 6 October 2026 check, the £995 fee 2-year fix beats the fee-free version once the loan passes roughly £280,000, and the £995 fee 5-year fix does so from about £134,000. The £1,495 Online Only products, 0.05 points below standard, only repay their extra £500 above roughly £285,000 on a 5-year fix.

The gaps explain it. The fee-free 2-year fix sits 0.25 points above the £995 product, worth about £22 a month on £150,000, or £533 over the two years, well short of the fee. On the 5-year the gap is 0.21 points but the saving runs for five years, which is why the break-even loan is less than half the 2-year figure. On a 2-year fix the Online Only tier needs a loan above £700,000 to repay its extra fee. Where a home qualifies for a Green rate, the £995 Green product matches the Online Only rate at the lower fee, so the Online Only tier only makes sense for a property without an EPC rating of A or B.

A product fee added to the loan rather than paid on completion accrues interest for the whole term, so £995 costs more than £995 by the time the mortgage is cleared. A borrower planning heavy overpayments, and NatWest allows 20% a year, gains more by paying the fee up front where the budget allows. Our remortgaging guide sets out the full cost comparison, including fees, valuation, legals and the early repayment charge on the old deal.

Free legals, Green rates and the NatWest remortgage process

A remortgage to NatWest carries no legal, valuation or admin fees on a standard case, with a free conveyancer for loans up to £2 million and valuations on properties up to £10 million. No product pays cashback, a £30 funds transfer fee applies, and NatWest quotes 4 to 8 weeks from application to completion.

Green rates for homes with an Energy Performance Certificate (EPC) rating of A or B run 0.05 points below the standard products at 60%, 75% and 85% LTV, from 5.14% on the 2-year and 5.08% on the 5-year at 60% LTV. There is no Green product at 80% or 90%. On a £250,000 2-year remortgage the discount is worth about £7 a month, or around £176 over the fixed period, so it is a welcome saving rather than a reason to choose NatWest.

NatWest suggests starting to look 3 to 6 months before the current deal ends. Remortgages generally run to 90% LTV, and to 95% only where the existing balance moves across with no extra borrowing, although no 95% product appeared on the rate finder at this check. Complex conveyancing, shared ownership and non-standard legal work such as a title transfer fall outside the free package. Those exclusions and the 90% cap on extra borrowing decide whether a capital-raising case belongs with NatWest or with another lender.

What a lapsed NatWest deal costs on the 6.74% Standard Variable Rate

A NatWest deal left to lapse reverts to the Standard Variable Rate of 6.74%. On a £250,000 repayment mortgage over 25 years that is about £1,726 a month against £1,489 on the 5.19% 2-year remortgage fix, a gap of £236 a month, so just over four months on the variable rate costs more than a £995 product fee.

That gap is the whole case for acting inside the window. NatWest charges no early repayment charge to leave its Standard Variable Rate, so a borrower who has drifted onto it can move as soon as a new deal is ready, whether that is a NatWest switch or a remortgage elsewhere. If you are weighing a 2-year against a 5-year, NatWest prices the 5-year below the 2-year at every band up to 85% LTV and above it only at 90%, and our comparison of 2-year and 5-year fixed deals works through the choice on total cost. Our UK mortgage rates today page tracks where the other big lenders sit this week.

Fixed pricing at NatWest moves on swap rates rather than waiting for Bank Rate, which is why the range repriced on 3 October with NatWest's base rate at 3.75%. Every fix in the table ends on 31 January 2029 or 31 January 2032, and our UK interest rate projection tracks the market-implied path a borrower would remortgage into at that point.

Figures as of 6 October 2026, London.

If your current fixed rate ends within the next six months and you want a move to NatWest weighed against your lender's switch offer, call 01202 155992 or contact Mortgage One.

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The information provided in this article is for general guidance only and does not constitute personal or regulated financial advice. If you'd like to understand what these moves could mean for you, speak to Mortgage One. We can explain your options and timings based on your specific circumstances.

FAQs

1. What are NatWest's current remortgage rates?

At our 6 October 2026 check NatWest's remortgage fixed rates ran from 5.19% on the 2-year £995 fee product at 60% LTV to 5.84% on the fee-free 2-year at 90% LTV, with 5-year fixes from 5.13% to 5.76%. The lowest fixed rate was 5.08% on the 5-year Green and Online Only products at 60% LTV, and the 2-year tracker started at 4.16%.

2. Has NatWest dropped mortgage rates?

Not on its remortgage range. NatWest repriced on 3 October 2026 and most fixed rates rose, the standard 5-year at 85% LTV from 5.28% to 5.39% and the fee-free 2-year at 60% LTV from 5.33% to 5.44%. The standard 2-year at 60% LTV held at 5.19%, and the 2-year tracker at 60% LTV eased from 4.18% to 4.16%.

3. How long does it take to remortgage to NatWest?

NatWest quotes 4 to 8 weeks from application to completion for a remortgage from another lender, and suggests starting to look 3 to 6 months before the current deal ends. A product transfer for an existing NatWest customer can be much quicker, and NatWest says it is sometimes instant.

4. Can I switch my NatWest mortgage deal early?

Yes, but timing sets the cost. NatWest opens its switch window around four months before a deal ends, and a new deal set to start when the current one finishes carries no early repayment charge. Switching earlier from a fixed rate can trigger the charge, while leaving the Standard Variable Rate or moving from a tracker to a fix carries none.

5. Do I pay fees to remortgage with NatWest?

The product fee is £995 on standard and Green fixes, £1,495 on Online Only products and nothing on fee-free products, which carry a higher rate. On a standard remortgage NatWest pays the legal and valuation fees, a £30 funds transfer fee applies, and non-standard legal work such as a title transfer is at your own cost.

6. Is a 5-year NatWest remortgage fix cheaper than a 2-year?

At four of the five LTV bands, yes. With the £995 fee the 5-year is 0.06 points below the 2-year at 60% LTV, 0.12 points at 75%, 0.05 points at 80% and 0.02 points at 85%, and 0.03 points above it at 90%. The 5-year carries early repayment charges from 4.5% down to 1%, against 1.5% and 0.75% on the 2-year.

7. What happens if I do nothing when my NatWest deal ends?

NatWest moves you onto its Standard Variable Rate, 6.74% at our 6 October 2026 check. On a £250,000 repayment mortgage over 25 years that is about £236 a month more than the 5.19% 2-year remortgage fix. There is no early repayment charge on the variable rate, so you can leave it as soon as a new deal is arranged.

8. Do I need a broker to remortgage to NatWest?

No, NatWest takes remortgage applications directly, but its rate finder only shows NatWest. A broker prices the same balance across the whole of market, checks whether a NatWest switch offer or a remortgage elsewhere costs less over the fixed period, and places the case where it fits. Mortgage One runs that comparison on every NatWest case before an application or switch is submitted.