I have had my Natwest Mortgage services since June 1999. I did the usual shopping around at all the major high street banks and a building societies looking for the best rate in the end all the information was giving a headache so I took a holiday. On my return I registered with a number ... Read review
Advantages: Deals for First Time Buyers Disadvantages: None that I can find yet
I have had my Natwest Mortgage services since June 1999. I did the usual shopping around at all the major high street banks and a building societies looking for the best rate in the end all the information was giving a headache so I took a holiday. On my return I registered with a number of estate agents in the areas that interested me and spoke to a number of different independent mortgage financial advisers all of whom told me that they could get ... ...of £250 and waited for Natwest to send me an offer of mortgage advance. This advance confirms the terms of your new mortgage if successful. I was successful and Natwest sent me a mortgage offer folder this folder contained all the important documents relating to my mortgage. The folder contained:
The Mortgage Code
Mortgage Offer – a guide to the mortgage offer advance form
Mortgage – terms and conditions more
I have had my Natwest Mortgage services since June 1999. I did the usual shopping around at all the major high street banks and a building societies looking for the best rate in the end all the information was giving a headache so I took a holiday. On my return I registered with a number of estate agents in the areas that interested me and spoke to a number of different independent mortgage financial advisers all of whom told me that they could get the best deal. I finally ended up with an independent mortgage adviser.
I found a flat fairly soon put in an offer which was accepted and went to see my mortgage adviser equipped with chequebook and the necessary documents. He explained all the different kinds of mortgages and made recommendations that suited my current needs. I opted for a fixed rate. He looked through the new deals that had just come through and Nawest were offering a fixed rate for 5.49% until 30 June 2002. I chose this repaying via an endowment policy as I wanted to know exactly what my monthly repayments would be for at least a couple of years that way I could budget myself as I was first time buyer and still had to furnish my flat.
I completed the necessary forms and paid the arrangement fee of £250 and waited for Natwest to send me an offer of mortgage advance. This advance confirms the terms of your new mortgage if successful. I was successful and Natwest sent me a mortgage offer folder this folder contained all the important documents relating to my mortgage. The folder contained:
The Mortgage Code Mortgage Offer – a guide to the mortgage offer advance form Mortgage – terms and conditions Mortgage Offer - terms and conditions The current guide to account charges
I was sent two copies of the offer of mortgage advance form one for my solicitor and the other and myself. The form is very self-explanatory and explains in detail what was agreed between the mortgage adviser and myself. The form also lists the special conditions relating to the advance. These should be read carefully and if you don’t understand them you should discuss it with your mortgage adviser, as soon as you receive it as Natwest gives you 21 days to accept the offer. The form also gives the option of two dates to pay your repayments the 5th or 22nd of each month. I chose the 5th as I feel it is better to get all-important payments out of the way first so any money left is mine to use for entertainment etc.
Natwest Mortgage Service keep you informed with your borrowing by sending you a copy of your annual mortgage statement at the end of each year this shows a breakdown in detail of all the payments that you make and lets you know the remaining term left.
I am very satisfied with the service they have provided me so far. Just before my fixed rate ends next year I will shop around to see if I can get another good deal. Incidentally during my yearly review with Lloyds TSB (main bank) I was asked why I didn’t have a C&G mortgage. I told me that when I spoke to someone there I was offered peanuts so went to an independent that got me the best deal and it happened to be Natwest. I was told that it was an extremely good deal and C&G may be able to offer me something similar when my term runs out. I will speak to Natwest mortgage services first as they may have offers which I am not aware of before I make any decisions.
One thing my mortgage adviser did tell me was that most high street banks and building societies don’t always get the special deals that can benefit first time buyers. I found this quite disturbing as if I would have gone into any of the banks or building societies I may not have got such a good deal.
Advantages: None What So Ever Disadvantages: charge you £30 for goin 1p over your overdraft
...applied for a morgage with natwest in middle of 2006. As i have been with them now for 13 years now and got a gold credit rating with them, they invited me down to one of there branches to discuss about there morgage. We sat down with the advisor and filled out a few forms which took around 3 hours to complete. At the end of the form filling she turned round to us and said " I have no doupt that you will get this morgage with the info you provided" ... ...My advise to you is stay away from natwest for there morgages. There is another way..... Im changing banks. ...
spankyham 22.01.2007
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Ciao members have rated this review on average: helpful Review of NatWest Mortgages
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Advantages: O.K. if you use it as a means of saving Disadvantages: If you thought it would pay of your mortgage, chances are it will not.
interest only. I contacted my Mortgage lender, (NatWest Home Loans). They were very helpful and advised me my Mortgage can be changed to Repayment without cost to me. Of course the monthly payments went up,but not drastically, and at least I would have peace of mind.
I considered cashing in my Endowement and paying the surrender value off my Mortgage to reduce the payments. After phoning round for Life Insurance to cover the Mortgage value, I found that the premiums would be almost as much as the Endowement Premiums with no remuneration at completion. The best option was to continue with the Endowement as a means of Life Cover and savings. At least this way I would get the termination value of the Policy and instead of paying it towards the mortgage it would be mine.
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Advantages: Friendly staff, easy to use services, telephone banking, short queues, knowledgable advisors. Disadvantages: Not recommended for home insurance.
and there telephone banking service is a God-send. I now wonder how I lived for so long without it. I have two accounts there - a current account and a savings account. I'm not sure what the interest rates are on current accounts, but who really cares? I never have money in there for long enough to make interest anyway! Who does? The interest rate on their First Reserve account is about 4%.
I have recently taken out a mortgage with NatWest too. After weeks of shopping around, they seemed to be offering the best deal. I didn't have a clue about mortgages at first, but the advisors were really helpful and explained all about it, and set up a mortgage which suited me.
The only thing I wouldn't recommend NatWest for, is their home insurance service. The prices tend to be a little on the steep side, so take a NatWestmortgage and get ...
lyricalt 25.01.2001 (07.03.2003)
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Ciao members have rated this review on average: very helpful Review of NatWest
Advantages: Excellent individual Service Disadvantages: A little pushy on the loan front as a youngster
is all about. I have been treated as an individual right from the start with NatWest, even when I was a stupid teenager spending money hand over fist. I was not forced into anything I did not want (except maybe the loan in the early days) and they always listened to my concerns.
Overall
There are so many other services NatWest offer (insurance, mortgage, savings to name a few) that I could not possible review them all here. You would be asleep before I was a fifth of the way through (if you're not already!) however I have touched upon the points I use regularly and for me the most important ones. I would not have any hesitation in recommending NatWest for a current account, although I have not looked into the competition for business accounts, preferring to keep everything together.
My advice is to spend a bit of time ...
wendybull 23.09.2006
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Ciao members have rated this review on average: very helpful Review of NatWest
