NatWest’s mortgage balances grow by £1.2bn in Q3
NatWest mortgage balances increased by £1.2bn in the third quarter of 2026, as the bank reported continued growth in its retail lending portfolio.
NatWest said its year-to-date balance sheet growth in retail banking was “primarily in the mortgage portfolio”.
Over the first nine months of 2026, mortgage balances grew by £8.3bn, or 3.9%, from £212.1bn at the end of 2025 to £220.4bn at the end of September.
NatWest’s mortgage market share also increased to 12.7% in September, up from 12.5% in December 2025.
The bank’s profit, before impairments, increased marginally to £2.5bn in Q3, up from £2.4bn in Q2.
NatWest also reported that it had exceeded its 2026 first-time buyer lending target, having delivered more than £10bn in lending. Meanwhile, 36,000 customers had connected £6.2bn in mortgage balances through its Mortgage Elsewhere Hub.
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Retail banking income benefited from lending growth during the quarter, but this was partly offset by lower mortgage margins. The division’s net interest margin fell to 2.65% in Q3, from 2.69% in Q2.
