NatWest has rolled out its new Track and Switch feature today.

This allows brokers to organise a tracker mortgage for clients with a view to moving them on to a fixed rate product after three months if so desired.

Natwest says that brokers will be paid their standard production fee for the tracker deal and, once a fixed rate is put into place through the lender’s product transfer system, the broker will be paid for a product transfer as standard.

NatWest head of intermediary sales Mark Bullard says: “We are continually looking at ways to support customers and brokers.

“We know that many customers are uncertain right now and our new Track and Switch feature supports and enables brokers to provide a solution which gives customers flexibility right now but the option to fix later.”