Track and Switch

Track and Switch Mortgages


What is our Track and Switch facility?

Our new Track and Switch facility allows customers who are uncertain about fixing their rate right now to choose a Tracker mortgage and fix their mortgage rate later.  

It’s simple.

If it’s right for your customer, they can take any Tracker mortgage now. NatWest Tracker mortgages are variable rate products which track the National Westminster Bank Plc base rate.  You’ll get paid your standard procurement fee for any new or existing business tracker cases.

Then, if they wish to switch to a Fixed Rate mortgage, you can use our Product Transfer system to switch them easily onto the Fixed Rate they’d like.  They can do this once their tracker mortgage has drawn down, they won’t be re-credit scored and you'll receive a standard Product Transfer procuration fee.  

Frequently asked questions

Frequently asked questions continued