NatWest Reduces Mortgage Rates and Boosts Remortgage Cashback – July 2025 Lender Update

Introduction: Important Changes from NatWest for UK Mortgage Borrowers

NatWest Intermediaries has announced significant changes to its mortgage product ranges effective from 31st July 2025. These updates include rate reductions across several products, extended fixed-rate end dates and increased cashback for remortgage applicants. If you’re a UK homeowner, investor, or looking to remortgage, these changes may impact your options and potential savings.

NatWest Mortgage Rate Reductions and Product Updates

• Rate Cuts: NatWest has reduced rates on New Business, Existing Customer and Additional Borrowing (ADBO) products. This move follows recent market shifts and could present an opportunity for buyers and remortgagers to secure more competitive deals.
• Revised End Dates:
  • 2-year fixed deals: End dates move from 31st October 2027 to 30th November 2027, giving borrowers an additional month on their fixed-rate security.
  • 5-year fixed deals: End dates move from 31st October 2030 to 30th November 2030.

For full details, you can visit the NatWest product news page or review updated products directly.

Key Criteria and Policy Updates: What Borrowers Need to Know

• Increased Remortgage Cashback: For remortgage applicants who opt for a ‘no free legal’ product, cashback has increased from £250 to £350. Both 2- and 5-year remortgage options are eligible.
• Transition Details: Applications for existing deals must be submitted online by 10:30pm on 30th July to lock in previous rates or terms.
• Product Code Change: NatWest is updating its product code system (from 7 to 8 characters). This impacts brokers, but applicants will see no change in application or approval processes.

Who Benefits Most from These NatWest Updates?

• Remortgagers: Especially those covering their own legal costs—eligible for enhanced £350 cashback, helping offset other moving or home improvement expenses.
• New Borrowers: Can take advantage of reduced rates for both residential and buy-to-let mortgage applications.
• Existing NatWest Customers: Access to improved Existing Customer and ADBO rates, with changes visible via the broker portal from 31st July onwards.

Special Features and Ongoing Advantages of NatWest Mortgages

• Large Product Range: NatWest remains one of the UK’s main mortgage providers, with options for first-time buyers, home movers, remortgagers, and landlords.
• Competitive Fixed Rates: Frequently included in best-buy tables for 2- and 5-year fixed-rate deals.
• Flexible Additional Borrowing: Existing customers can apply for further borrowing (for example, for home improvements or debt consolidation) at improved rates.
• Supportive Process: A clear online application journey and a broker portal make for a smooth applicant experience.

Why Consider NatWest for Your Mortgage?

• Consistently Competitive: Rate reductions help NatWest remain a top choice for value-focused borrowers.
• Enhanced Remortgage Offers: The increased cashback is especially attractive for homeowners seeking to switch lender and manage associated costs.
• Extended Rate Security: Longer fixed-rate end dates offer extra peace of mind against future interest rate rises.
• Reliable Support: NatWest’s established infrastructure and support for brokers help streamline applications and ongoing customer service.

Conclusion: What to Do Next

If you are considering a mortgage, remortgage, further advance, or simply want to explore if you qualify for these updated NatWest deals, now is the time to review your options. Our expert team can provide clear, tailored advice based on your needs.

• Contact us today for a personalised mortgage recommendation and to check eligibility before these offers change.
• Check our best-buy mortgage tables or call for up-to-date quotes.

Act soon! Many rates change quickly in current market conditions.

FAQs: Common NatWest Mortgage Update Questions

• Who qualifies for the increased remortgage cashback?
  Any applicant remortgaging to NatWest on a product without free legal work can get the £350 cashback (applies to both 2- and 5-year fixed deals).
• How do these rate cuts affect my monthly mortgage payments?
  Lower rates mean reduced monthly repayments, but the exact saving depends on your loan size and deal selected—get a personalised illustration.
• Are these rates just for new customers or will existing NatWest borrowers benefit?
  Both new and existing customers can access these improved rates and end dates, including ADBO (additional borrowing) applicants.
• How can I check eligibility or apply for a NatWest mortgage?
  Contact our advisers for a no-obligation review, or begin your application online. We’ll confirm whether you qualify for the most competitive NatWest rates and incentives.
• Is NatWest suitable for specialist borrowing, like home improvements or debt consolidation?
  Yes, NatWest’s Additional Borrowing (ADBO) range caters to such needs, often at rates similar to new mortgage products.