Natwest Mortgage 20% overpayment from today

[NatMoz]

No idea how this has passed me by but Natwest are offering overpayment thresholds of 20% (rather than 10%) on fixed mortgages.

I'm obviously looking at them with shifty eyes because on the surface it seems like Natwest are being kind and generous, allowing people to overpay and therefore saving £1000s in interest, however on the other hand with the cost of living crisis, public sector strikes for being underpaid etc etc, realistically how many people can take up this offer?

I am coming into some inheritance which is why i checked today my threshold. To clarify this is a once in a lifetime event for me so is pure coincidence!

I'm obviously looking at them with shifty eyes because on the surface it seems like Natwest are being kind and generous, allowing people to overpay and therefore saving £1000s in interest, however on the other hand with the cost of living crisis, public sector strikes for being underpaid etc etc, realistically how many people can take up this offer?

What difference does it make? They've made it an option. If you can afford to do it, great. If not, no obligation to overpay at all.

Exactly as above, it's an option for those who can afford to. I can't see anything bad about it. Maybe NatWest wants to boost its coffers now for whatever reason, but that's their prerogative.

I very much suspect it may be so that people who can afford it can choose to reduce their increasing mortgage payments usually made from income should they be in a capital position to do so, just like you will be able to.

Is that on all?
Mine is still 10% I believe ?

If you check the app it'll say your total remaining overpayment amount for the year.

Fixed or tracker mortgages apparently.

I suppose if you're on variable there are no restrictions anyway

I assume it is to encourage overpayment because fewer people are doing it currently due to the interest rates. It doesn't feel suspicious to me?