Back to main menu
Search
Search
Overlay
Helping you understand if a fixed rate mortgage is right for you 

Fixed rate mortgage

Online mortgages are provided by NatWest which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Royal Bank of Scotland may receive a fee based on a percentage of any mortgage entered into for this referral. NatWest and Royal Bank of Scotland mortgages are available to over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

On this page

What is a fixed rate mortgage? Open in new window
When your fixed rate ends Open in new window
Already with us and looking to switch rate Open in new window
Get an Agreement in Principle Open in new window

What is a fixed rate mortgage?

A fixed rate mortgage means your repayments have a fixed interest rate.

This means that you’ll pay off the same amount every month, for the length of your introductory deal, usually two to five years.

When the fixed rate period ends, your rate will change to the lenders standard variable rate (SVR).

Benefits of a fixed rate mortgage

You’ll know exactly how much your mortgage will cost each month

Your payments won’t increase even when your lender’s SVR goes up. However, they may increase at the end of the fixed period.

It’s easier to budget each month when you know what you’re paying

Please be aware that if your lender's mortgage rates fall, you'll still be tied into your fixed rate mortgage until the introductory rate ends.

An Early Repayment Charge (ERC) can be paid in order to exit your current deal and find a new rate.

What happens when my fixed rate mortgage ends?

After the initial deal period ends, your mortgage interest rate switches to the Standard Variable Rate (SVR), which means your rate could both rise or fall, depending on changes in the interest rate we charge.

At this point, if you don’t want to stay on a SVR mortgage then you may have the option to switch to a new deal or, if your with another mortgage provider, you can remortgage to us.

Do not worry, we will contact you before your tracker rate ends so that you can make arrangements.

For more information on the SVR, take a look at our SVR mortgage guide.

Already have a mortgage with us?

Take a look at our mortgage switcher information to see if it would be suitable to move to a new deal.

More about switching Open in new window

Mortgage help and support

Read our mortgage guides Open in new window
Types of mortgages Open in new window
Find a fixed rate mortgage Open in new window
What you need when applying Open in new window

Need some help?

Call us

We're on hand to arrange a phone or video call with one of our qualified mortgage professionals. We can also help with any general queries about the process. 

Call us on ${dn-0800 056 0567} 

Relay UK: 18001 0800 056 0567

Opening hours: Mon-Fri 8am-6pm, Sat 9am-4pm, Sun Closed. Excluding public holidays.

Buy to Let? NatWest only provide Buy to Let mortgages online for small portfolio landlords.

  • Please use the NatWest tools and guidance designed to help you complete your mortgage application online.
  • We do not provide advice on Buy to Let mortgages but if you need technical help with your online application, get in touch so we can provide support.
  • If you are not a small portfolio landlord, or you wish to apply with a mortgage professional, NatWest Buy to Let mortgages are available via mortgage brokers.