NatWest mortgage challenge set

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NatWest mortgage challenge set

NatWest is offering the enticing sum of £1,000 to those customers who are coming to the end of their mortgage term and find that the group cannot improve upon their present deal.

As part of the NatWest mortgage challenge, the group has announced that it will be making its range of packages easier for prospective and current homeowners to comprehend.

Under the terms of the deal, customers will be able to choose whether to enjoy competitive rates of interest or to choose a deal where associated administrative costs, such as legal fees, are low.

Craig Donaldson, managing director of mortgages, said: "For the majority of us our monthly mortgage repayment is our biggest outgoing and so it pays to shop around.

"The NatWest mortgage range is designed to make it simple for customers to choose the right deal for them by offering the choice between fees-assisted and fee-paying fixed and tracker deals," he added.

Consumers considering taking on the NatWest mortgage challenge must possess a mortgage of at least £50,000, with a loan-to-value rate of 75 per cent.

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