Doing a mortgage comparison can help you understand and compare the different mortgages and types available. Learn which mortgage might be best for you.
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Mortgage comparison: Which mortgage is best for me?
When you're looking for a home or property, not just any house will do. It's the same with mortgages. Beyond interest rates and terms, there are several different types of mortgages. These depend on the property you are purchasing and your situation.
It’s important to compare mortgage types before deciding which suits your needs. We offer a range of mortgages you can compare to help find what’s right for you. Find out more about different mortgage buyer types.
First time buyer
If you are new to the housing market, you are generally considered a first time buyer. If you have never owned a property, you might qualify for lower deposit mortgage products, such as our 95% mortgages.
Remortgage
Remortgaging is used if you are coming to the end of your current mortgage deal. You can remortgage with the same lender, but it is also a chance to move to a new lender. You might find a new deal that suits your needs better.
Moving home
Understand the mortgage options available to you when you are moving home. You might need to pay stamp duty when moving home and there may be additional costs to consider. Find the best mortgage for you when moving home.
Buy to let
Buy to let mortgages are for a landlord who wants to buy a property to rent out. The application is different to residential mortgages. Learn about your mortgage options if you're buying a property with the intention to rent it out.
Fixed rate mortgage
You pay the same amount for a set period. The interest rate is fixed for a set period as well as your monthly payments - e.g. two or five years.
This means you'll know exactly how much your payments will be, helping you plan a monthly budget.
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Tracker rate mortgage
For a set period, often two, three or five years, your interest rate will rise and fall in line with another interest rate, typically the Bank of England base rate. If the rate drops, your monthly payments reduce, but, if the rate goes up, your mortgage payment does too.
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Standard variable rate
When your initial mortgage deal is over, the standard variable rate (SVR) is the rate you'll move to, changing your mortgage payments. If you don't want to go onto the SVR, you can shop around towards the end of your current deal, for another mortgage.
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More on mortgage interest rates
Learn more about mortgage interest rates, what interest rates are and how they work.
Joint mortgages
Buying with more than one person.
A joint mortgage means you can have a shared mortgage with other people. It's one of the most common ways to buy a property. NatWest only provide joint mortgages for two people, but some lenders allow more than two. Find out more about our joint mortgage products and how they work.
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Green mortgages
A better deal for a greener property.
If you're purchasing a property with an Energy Performance Certificate (EPC) rating of A or B, you may be able to benefit from a green mortgage.
Exclusions and eligibility criteria apply. Early repayment charges and product fees may apply.
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Second home mortgages
Buying a second property.
There are many reasons to purchase a second home and you can have more than 1 mortgage product at a time. Your ability to get a second home mortgage will depend on your ability to meet repayments and other factors. If you are thinking about a second home, read more in our guide to second home mortgages.
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95% mortgages
A mortgage with as little as a 5% deposit.
Saving money for a deposit can be difficult. Therefore, purchasing a property with a 95% mortgage, with a deposit as low as 5%, could be a good option.
You could also consider a 90% mortgage with a 10% deposit.
Exclusions & eligibility criteria apply.
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Cashback mortgages
A little something back when you take out a mortgage.
With a cashback mortgage, you'll receive a little money back once you've taken out your mortgage, between £150 - £1,000. This is sent to your solictor along with the mortgage funds.
Eligibility criteria apply. Cashback is available on selected mortgages only and can be changed or withdrawn at any point.
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New build mortgages
Buy a brand-new house with just 10% deposit.
Whether a house you’re looking to buy has been renovated or built recently, a new build mortgage may be available. These mortgage types typically cover homes built or renovated extensively within the last two years.
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Free legals
Free legal services for standard remortgages.
Ready to remortgage? We'll provide a free conveyancer to take care of the legal work involved in a standard remortgage. This means you won't have to pay legal and valuation fees. Exclusions apply.
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Free valuations
Avoid one of the expenses of buying a home.
We may be able to offer you a free standard mortgage valuation when you move home and take a mortgage with us. The offer is only available on selected mortgages marked with 'Free standard valuation'. Exclusions apply.
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More on mortgage interest rates
Learn more about mortgage interest rates, what interest rates are and how they work.
How much can I borrow for a mortgage?
The amount you can borrow for a mortgage will depend on several factors determined by the lender. Some of these factors that a mortgage lender might consider include your salary, the size of your deposit and your credit history. You can find out more about mortgage eligibility here. You can calculate how much you could borrow with NatWest using our tool below.
Mortgage calculators
Our mortgage calculators can give you an idea of how much you can borrow based on your income and outgoings.
Agreement in Principle
If you've found the property for you, the next step is to get an AIP (sometimes called a Mortgage in Principle). It will show you if we may be able to lend you the amount you need.
First time buyer guide
We are here to help you on the journey to buying your first home. Our guide tells you everything you need to know to get on the property ladder.
Need some help?
Call us
We're on hand to arrange a phone or video call with one of our qualified mortgage professionals. We can also help with any general queries about the process.
Call us on ${dn-0800 096 9527}
Relay UK: 18001 0800 096 9527
Opening hours: Mon-Fri 8am-6pm, Sat 9am-4pm, Sun Closed. Excluding public holidays.
Buy to Let? We only provide Buy to Let mortgages online for small portfolio landlords.
- Please use our tools and guidance designed to help you complete your mortgage application online.
- We do not provide advice on Buy to Let mortgages but if you need technical help with your online application, get in touch so we can provide support.
- If you are not a small portfolio landlord, or you wish to apply with a mortgage professional, NatWest Buy to Let mortgages are available via mortgage brokers.