Compare our Offset Flexible Mortgage | NatWest

Offset flexible mortgage Compare our Offset Flexible Mortgage
 

Offset Flexible Mortgage

Standard Mortgage

Reduce mortgage interest by linking other accounts

 
Only pay interest on the difference between your mortgage balance minus your combined savings and current account balances 

 

 

 

Pay off your mortgage faster by linking other accounts

 
Your monthly payments stay the same and when you offset you save on interest. This enables you to pay your mortgage balance off faster

 

 

 

Make overpayments to your mortgage

Unlimited 
Make unlimited regular or lump sum overpayments with no early repayment charge (ERC)

Up to 10% 
You can normally overpay up to 10% without incurring an ERC
 

Underpayments and payment holidays 
(Interest will continue to accrue during your payment holiday and your monthly payments may increase afterwards)

 
You can apply to make underpayments or even take a payment holiday


 

 
Not normally available



 

Flexible borrowing - at your existing rate

 
You can apply for additional borrowing at your existing rate with no fee. You can also borrow back up to your agreed mortgage facility

 
You can usually only apply for additional borrowing at the rates available at the time and you may have to pay a product fee
 

No early repayment charge

 
You can repay your balance in full at any time with no ERC

 
An ERC will normally apply if you repay within the period of the mortgage deal

Access to Money Manager Service

 
Exclusive to Offset customers. 
Automatically moves money between your current and savings accounts. Helps you manage your money and avoid overdraft interest or charges

 

 

 

 

Product Range

There is one product available



 

We have a selection of products including Fixed (rate set for a defined period) and Tracker (rate follows the NatWest Bank Base Rate) as well as specific mortgages such as First Time Buyer and Buy to Let

Helpful banking Protecting your money

We are a member of the Financial Services Compensation Scheme (FSCS). The Scheme can pay compensation to customers if they are eligible and the Bank is unable to pay claims against it. Compensation limits for Mortgage advice and arranging (for business conducted on or after 31 October 2004) - maximum £50,000 i.e. 100% of first £50,000 per person

Further information is available here (650K PDF) or visit www.fscs.org.uk.

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