NatWest

NatWest was set up back in 1968 and became part of the Royal Bank of Scotland Group in 2000. The Royal Bank of Scotland Group was then renamed NatWest Group in 2020. Since it was established, NatWest has become a well-known high street bank with over 7.5 million customers. NatWest offer a wide range of mortgages, with products for everyone from first-time buyers to those looking to remortgage.

NatWest

How much can I borrow with a NatWest mortgage?

With NatWest, how much you can borrow with a mortgage all depends on you and your finances. When deciding how much you can feasibly borrow, NatWest will look at a whole range of factors from your credit history to your income and expenditures. This will give them an indication of whether you can afford to make the repayments on any mortgage they offer you.

If you’re not sure how much you can expect to borrow from NatWest, an online mortgage calculator will give you a rough idea. This is will also give you a guide on the budget for your new home.

What is a NatWest Agreement in Principle?

An Agreement in Principle (AIP) is when a lender gives you an indication of how much they specifically will be willing to lend to you without harming your credit score. It isn’t a guarantee that they will lend to you, however it will give you a rough estimate specific to NatWest – or with whichever lender you choose to check with.

What size mortgage deposit will I need with NatWest?

NatWest offer mortgages with a minimum 5% deposit – sometimes referred to as a 95% mortgage. With that mind though, depending on your circumstances, you may need to have a 10% deposit (90% mortgage).

For example, if you wanted to buy a £200,000 property, a 5% deposit would be £10,000 and a 10% deposit would £20,000.

Although it can be tricky to save up such a large amount, putting down a larger deposit can have its advantages. This is because it can make more mortgage products available to you that have lower interest rates. This could then lower your monthly repayments.

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