NatWest has recently whipped up a storm with their latest marketing campaign - "Mortgage Challenge". One of the 'big five', Natwest (part of the Royal Bank of Scotland) has opened themselves up to stinging criticism recently as many analysts state that the banks' claim to give you £1000 if they cannot beat your existing mortgage deal is not as transparent as it should be.
Inan artcle from Reuters (London), Julia Harris of independent industry site, Moneyfacts.co.uk claimed it as "something of an empty promise" as there are so many caveats in the smallprint that it was almost impossible to win the challenge and claim your £1000 as the marketing hype suggests.
Aimed specifically at Halifax, Abbey, Lloyds TSB and Woolwich customers, the deal NatWest uses to compare against; a two year base rate tracker at 5.14% is "unbeatable", making the headline seem like merely little more than a ploy to get people through the door without real substance to make it a fair challenge.
To apply for any type of loan or mortgage or for more information, hints, tips and money saving ideas, visit FeelGoodLoans.co.uk
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