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Mortgage News

Nationwide increases rates by up to 20bps

Shekina Tuahene
Written By:
Posted:
April 20, 2022
Updated:
April 20, 2022

Nationwide has increased its rates on selected products up to 95 per cent loan to value (LTV).

This includes two and three-year fixed rates which have gone by up to 0.10 per cent up to 95 per cent LTV, and 90 per cent for remortgages. 

Examples include the two-year fixed homemover mortgage at 60 per cent LTV, with a £999 fee, which now has a rate of 2.34 per cent, while the fee-free option has a rate of 2.64 per cent. The three-year fixed equivalents have the same rates. 

Rate changes have also been made at 90 per cent LTV, with a two or three-year fixed mortgage and £999 fee now priced at 2.44 per cent, and the fee-free alternatives priced at 2.74 per cent. 

For first-time buyers, rates begin at 2.39 per cent for a two or three-year fixed mortgage with a £999 fee, up to 2.89 per cent for a 95 per cent LTV fixed for two or three years with no fee. 

For existing customers who are switching rates; two, three, five and 10-year fixes will see increases of up to 0.20 per cent up to 90 per cent LTV. 

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Applications for existing products must be reserved by 5pm today and changes will come into effect on Thursday, 21 April.