Understanding NatWest’s Current Mortgage Rates
NatWest offers a variety of different mortgage rates, however, these rates are subject to change based on your specific application. Like other lenders, NatWest will base your interest rate off their assessment of your affordability by looking at your loan-to-value (LTV) ratios, mortgage type (fixed or variable), and your individual financial standing.
Here at Boon Brokers, we can help simplify the complexities of mortgage rates to provide you with an up-to-date understanding of the mortgage rates that you can expect. As a whole-of-market broker, we compare mortgage rates across all leading lenders – including NatWest – so that we can secure the best mortgage rates for you.
Estimating Your Borrowing Potential with NatWest
Similar to other leading lenders, NatWest will assess your borrowing potential based on your gross salary. This can be anywhere up to 5 times your salary, but is subject to affordability checks. This assessment will include income, credit, financial history, and deposit size checks.
The best way to determine your borrowing potential is to work with a whole-of-market broker like Boon Brokers. With access to the entire market, including over 90 lenders, we can identify the best mortgage rates and borrowers from leading and specialist lenders alike, to ensure you get the borrowing potential that you need.
Will NatWest Offer Me a Mortgage Agreement in Principle?
NatWest may offer you a Mortgage Agreement in Principle (AIP), however, this is subject to a variety of factors that will specifically depend on your application. Before offering an AIP, NatWest will conduct a financial assessment based on your income, outgoings, and a soft check that will not affect your credit score.
An AIP is not a confirmed borrowing amount, but an estimation of what that specific lender is likely to offer. As such, it’s important to both compare with other lenders and be aware that this amount could change pending further checks. Here at Boon Brokers, we can help advise and guide you through securing an Agreement in Principle, taking care of all the paperwork and exploring a wide-range of lenders to make sure you get the best estimation on your borrowing amount.
How a Mortgage Broker Can Help in Your Home Buying Process
A whole-of-market mortgage broker is the best way to access multiple lenders at any one time. At Boon Brokers, we compare leading UK lenders, like NatWest, with over 90 other UK lenders to provide you with a complete picture of the mortgage market today.
Whether you’re a first-time buyer, home owner, or looking to remortgage, Boon Brokers can help you navigate the complexities of mortgages with ease. With Boon Brokers, you will have access to expert mortgage advice alongside a roster of the best mortgage options that match your financial circumstances – completely fee-free.
