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NatWest launches overpayment option on mortgages

01 June 2005
NatWest has announced the launch of an annual ten per cent overpayment option on every deal within its new look mortgage range.

Mortgage holders with NatWest will be able to overpay by a maximum of ten per cent of their outstanding mortgage balance without incurring an early repayment charge.

The overpayment can take the form of a lump sum or several smaller payments - allowing customers to get flexible with their mortgage plan and take full advantage of unexpected additional income, whether bonuses or windfalls.

"This move further underlines NatWest's commitment to offering attractive rates and features that prove popular with many customers," said Charles Haresnape, director of mortgage sales for NatWest.

"The overpayment option is popular with many people as it allows them the flexibility to accommodate changing circumstances."

The overpayment option is just one aspect of the new look mortgage range which includes a Limited Edition two-year discount remortgage deal at 4.89 per cent, variable until August 31st 2007.

Click here to compare the best mortgage deals.

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