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Nationwide increases rates on 10-year fixes
Nationwide has increased rates on its 10-year fixed mortgages by up to 0.30%.
Rate rises include a 0.30% increase on 10-year 60% loan-to-value (LTV) products which are now 3.09%, up from 2.99%
Its 70% LTV 10-year rates have been increased from 3.09% to 3.19%, while 75% LTV deals have gone up from 3.19% to 3.29%.
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Results from the UK’s second biggest lender this month showed that Nationwide increased gross mortgage lending for residential customers by 17% to £17.5bn in the half year to 30 September, compared to a year earlier.
Recent criteria changes made by Nationwide include increasing the maximum LTV for remortgage customers to 90% as well as loosening income policy, allowing clients to provide three months’ worth of bank statements, rather than six months as previously requested.
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