Remortgaging - How to remortgage your house | NatWest

What is remortgaging?

A guide to remortgaging

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Your home may be repossessed if you do not keep up repayments on your mortgage

NatWest mortgages are available for over 18s.

There aren't many greater financial commitments than a mortgage, as any homeowner will tell you. But while it is a long-term obligation, you don't have to stick with the same mortgage product forever. Perhaps you'd prefer a more flexible mortgage, or you might have equity in your property that you’d like to release?

When you're looking to remortgage, you can choose to change the mortgage term or the amount that you're borrowing. This is a good opportunity to see if you can save on your monthly repayments by choosing a mortgage product with a lower interest rate.

Things to think about when remortgaging
What is the remortgaging process?

It's worth giving yourself plenty of time before your current deal is up, so that you are able to take your time to find the best deal for you to move onto. Here's some tips on how to start the process:

Review your current mortgage deal

Remortgaging is a good time to review your mortgage term or the amount that you're borrowing, so that it still fits your personal circumstances. It could also be a good opportunity to review your finances overall, using our budget calculator. Here are some points you might choose to think about:


  • What type of mortgage are you currently on? Are you on a Standard Variable Rate (SVR) or a Fixed Rate, read our Mortgage Range where you can check which types are available, and explore what's on offer.


  • How long is left when you roll off your mortgage deal onto a Standard Variable Rate (SVR), and how much it will cost you per month?


  • Are there any Early Repayment Charges (ERC’s) on your current deal?

Decide which deal suits you

Take your time to research the best deal for you and make sure you're aware of any administration or exit fees (otherwise known as a deeds release fee) which could apply. You can use our Mortgage Calculator tool to understand our rates and estimate the monthly costs.


Use our Mortgage Calculator


Apply for your chosen mortgage

Once you've done your research and you're ready to apply, why not use our online Agreement in Principle to get an indication of how much we could lend to you? It gives a personalised view of the mortgages that could be available, and it's just a soft credit check that doesn’t impact on your credit file.


Get started with an Agreement in Principle

From there you apply online (if you are confident in choosing the right mortgage and are happy to take responsibility for your decisions without any advice), over the phone, or in a branch.


It can take time and effort just to get to this stage, but now you’re well on the way to remortgaging your property. We understand the whole process can seem a little overwhelming at times, so take a look at this simple step-by-step guide to help you understand the next steps:


Mortgage Applications
What happens next?


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Remortgage to NatWest

Want to remortgage to a better deal? We could help lower your repayments.

We also pay your standard legal and valuation fees. That's one less cost to worry about when moving your mortgage to us. We'll cover the legal and valuation costs on a standard remortgage. Exclusions apply.

Find out what we can offer
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