Natwest makes big change to mortgages following Nationwide, Barclays and Halifax [Video]

NATWEST has confirmed it will be making a huge change to mortgages for all of its fixed-rate customers.

The decision follows similar moves this year by Barclays, Halifax, Lloyds Bank, Nationwide and Santander.

The high-street bank has cut the length of time a borrower can lock in a new fixed-rate before their current deal expires.

This period has now been reduced from six months to four months.

The length of time that a borrower has to secure a new fixed deal is decreasing from six months from the end of their current mortgage to four months.

A fixed-rate mortgage means your monthly payments will stay the same for the length of the agreed term.

The change is already in effect, with customers being sent a reminders to select a new product.

A spokesperson for NatWest said: “We’re seeing our customers choosing to lock …