The Times - Stall for time with NatWest’s super flexible tracker mortgage
The Times reports borrowers who take out a tracker deal with NatWest will be able to instantly switch to a fixed-rate mortgage if interest rates fall.
The high street bank has removed its 90-day waiting period for tracker deals in a bid to compete for customers who want flexibility while mortgage rates remain volatile.
Aaron Strutt of Trinity Financial told The Times: “Most people on trackers are looking to switch to a fix when rates come down, so they are content to ride them for a bit. They are hoping that the Bank of England has had enough of putting up the base rate.”