Your NatWest mortgage rate is coming to an end and that means you have a choice to make. You can accept whatever deal NatWest puts in front of you, or you can use an FCA-regulated broker to compare your options, secure the most competitive rate available, and earn cashback in the process. At Rate Switch Rewards, we handle the entire NatWest product transfer on your behalf at no cost to you.
What Is a NatWest Product Transfer?
A product transfer is when you move from one mortgage deal to another with your existing lender, NatWest, without changing the loan amount or the lender itself. There is no need to reapply for a mortgage, and in most cases the process takes less than 15 minutes. It is one of the most effective ways for existing NatWest customers to reduce their monthly payments when their current fixed or tracker rate expires.
Key Things to Know About NatWest Product Transfers
- You can arrange your NatWest rate switch up to four months before your current deal expires. Natwest allows you to switch your rate up to four months before your current deal ends.
- There are no legal fees, no valuation fees, and no arrangement costs you have to pay upfront, though some rate products carry optional product fees which can be added to the mortgage balance
- NatWest offers a range of fixed-rate and tracker products for existing customers, covering residential and buy-to-let mortgages
- NatWest does not run a new credit check for a standard product transfer, so your current credit position will not affect your ability to switch.
- NatWest is one of the UK’s largest high street banks and has a highly efficient product transfer process. Offers are typically generated immediately, and the entire switch can often be completed in less than 20 minutes.
Calculate Your Rate Switch Cashback Reward
Use our cashback calculator below to see exactly how much you could earn by switching your NatWest rate through Rate Switch Rewards. The reward is paid directly to your bank account once your new mortgage completes.
How Long Does a NatWest Product Transfer Take?
In most cases, a straightforward NatWest product transfer can be completed the same day. Once we access your account details, we identify the available product options, email them to you for review, and submit the application once you have chosen your preferred rate. A mortgage offer is typically issued immediately.
If your transfer involves additional borrowing, a change to your mortgage term, or a switch to interest-only repayment, extra checks may be needed. We will let you know at the outset whether any of those factors apply to your case.
Can I Borrow Extra Money with a NatWest Product Transfer?
Yes, NatWest allows additional borrowing for existing customers. Eligibility depends on your current LTV and affordability. We can check your options quickly and, if eligible, progress both the rate switch and additional borrowing together.
Why Switch Through Rate Switch Rewards Rather Than Direct?
Many borrowers go directly to their lender when their rate expires. The problem is that NatWest has no obligation to offer you the most competitive deal available. As a whole-of-market broker, we compare NatWest’s product transfer rates against every available option. If staying with NatWest is your best move, we will confirm that with the numbers to back it up.
There is another risk in going direct. If you accept a rate today and rates fall before your new deal starts, you could end up paying more than necessary. We monitor rates on your behalf and will cancel and replace your accepted rate with a lower one if one becomes available before completion. That is something you simply cannot get by dealing with NatWest directly.
Benefits of Completing Your NatWest Product Transfer Through Us
- Whole-of-market comparison, we check NatWest’s rates against all available deals on the market
- Cashback paid directly to your bank account once the mortgage completes
- Rate monitoring, if rates drop after you accept a deal, we switch you to the lower one automatically
- No credit check required for a standard product transfer
- FCA-regulated advice, we are an Appointed Representative of Rosemount Financial Solutions IFA Ltd, FCA ref 535515
- Free service, we are paid by the lender, not by you
The NatWest Product Transfer Process Step by Step
- Share your details with us: Your NatWest mortgage account number is a 14-digit reference found on your mortgage statements and NatWest correspondence. We use this to access your current mortgage account and review the available product options.
- Receive your quotes: We will email you a clear comparison of the rates NatWest is offering, alongside any better deals available on the wider market, so you can make a genuinely informed decision.
- Choose your rate: Once you have decided which product suits you best, simply let us know and we will submit the application on your behalf.
- We monitor your rate: After acceptance, we watch the market. If a lower rate becomes available before your new deal starts, we cancel the existing acceptance and secure the better rate for you.
- Cashback paid to you: Once your new NatWest mortgage completes and we receive our adviser fee from the lender, we pay your cashback directly into your bank account.
How Can Rate Switch Rewards Help with Your NatWest Product Transfer?
We are a team of FCA-regulated mortgage advisers specialising in product transfers and rate switches. We work with over 30 lenders including NatWest, and we use specialist software to compare products on a like-for-like basis, taking into account not just the headline rate but also arrangement fees, early repayment charges, and term length.
If you are unsure whether a product transfer is the right move, or whether remortgaging to a new lender would save you more, we will give you an honest answer. Our job is to find you the best deal.
Related Guides
- Santander Product Transfer
- Halifax Product Transfer
- Barclays Product Transfer
- TSB Product Transfer
- Everything You Need to Know About Rate Switches
NatWest Product Transfer vs Remortgaging to a New Lender: Which Is Right for You?
Most NatWest borrowers reaching the end of a fixed deal have two realistic options: take a product transfer and stay with NatWest, or remortgage to a different lender. Neither is automatically better. The right answer depends on how much equity you hold, whether your circumstances have changed since you took the original mortgage, and how much time you have before your current deal ends.
When Staying With NatWest Usually Makes Sense
A product transfer keeps you with your existing lender, which means no new legal work, no new valuation in most cases, and no full affordability reassessment. That matters if your income has become harder to evidence since you first borrowed, if you are now self-employed, or if you have taken on other credit commitments. It also matters if you are short on time, a product transfer can typically be arranged much faster than a full remortgage, so it is often the practical choice if your deal expires within a few weeks and the alternative is slipping onto the standard variable rate.
When Looking at the Wider Market Is Worth the Effort
If your property has increased in value, or you have paid down a meaningful chunk of the balance, you may have moved into a lower loan-to-value band. Lenders price by LTV band, so crossing a threshold can open up deals your existing lender does not match. A remortgage also lets you change lender if you want features NatWest does not offer on your particular product, such as different overpayment terms or a different fixed period. The trade-off is time, paperwork, and a fresh affordability and credit assessment.
How to Compare the Two Properly
Comparing on headline rate alone is where most borrowers go wrong. What matters is the total cost over the deal period: the interest paid plus any product fee, valuation fee and legal costs, divided across the months of the deal. A slightly higher rate with no fee frequently beats a lower rate carrying a large arrangement fee, particularly on smaller balances where the fee is spread across less debt. We run both routes side by side on your actual balance and term, so the decision rests on a total-cost figure rather than a headline number.
Why It Pays to Start Early
NatWest lets you secure a new deal ahead of your current one ending, and doing so gives you a free option: if rates fall before your switch date you can usually revisit, and if they rise you are already protected. Starting the conversation several months out also leaves room to compare the wider market properly rather than making a rushed decision in the final fortnight. Speaking to an adviser early costs you nothing and keeps both routes open.
Ready to find out how much your NatWest product transfer could earn you? Use the calculator above or complete our short form and we will be in touch.
Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
