NatWest Fixed 1.74% until 31/07/2020

Which? customer score 64%
Assumed borrowing of £125,000 over 25 years, representative 3.7% APRC. Total amount payable: £192,018.41. Includes interest of £65,850.41, Valuation fee of £173, Booking fee of £0 and Administration fee of £995. Repayments: 25 monthly repayments of £514.14 at 1.74% (fixed), then 275 monthly repayments of £647.26 at 3.99% (variable).
NatWest customer satisfaction scorecard:
How do we work this out?Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
64%Poor |
Eligibility
Maximum age | 70 |
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Minimum age | 18 |
Location | England, Wales, Scotland |
Restricted location note | N/A |
Existing customer note | N/A |
Eligibility notes | N/A |
Mortgage product details
Mortgage types | Purchase, First time buyer |
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Deal type | Fixed |
Tracker type | N/A |
Payment options | Repayment |
Mortgage product features
Overpayments allowed | Yes |
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Overpayment limits note | Overpayments allowed up to 10% per annum |
Offset mortgage | No |
Help to Buy mortgage | No |
Shared ownership mortgage | No |
Shared equity mortgage | Yes |
New-build mortgage | No |
Self-build mortgage | No |
Portable mortgage | Yes |
Product fees
Arrangement fee | £995 |
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Arrangement fee can be added to loan | Yes |
Booking fee | £0 |
Telegraphic transfer fee | £30 |
Insurance fee | £0 |
Other fees | £0 |
Rate information
Minimum borrowing amount | £25,000 |
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Maximum borrowing amount | £2,000,000 |
Minimum term (years) | 3 |
Maximum term (years) | 35 |
Initial deal end date | 31.07.20 |
Initial deal length (months) | 24 |
APRC | 3.71% |
Initial rate | 1.74% |
Revert-to rate | 3.99% |
Maximum LTV | 60.0% |
Other charges
Exit fees | £0 |
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Valuation admin fee | £75 |
Valuation fee | From £123 for property value above £100,000 |
Early repayment note | 2% then 1% until end of fixed period |
Standard benefits
Valuation admin fee excluded from any refund offer | Yes |
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Maximum free valuation | £0 |
Cash back amount | £0 |
Further notes about benefits | N/A |
Remortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Payable |
Purchase mortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Payable |