Nationwide has increased rates on a number of products between 60 and 75 per cent loan to value (LTV).
The changes come into effect from tomorrow.
This includes its two-year fixed rate house purchase product at 60 per cent LTV, which has gone up by 0.05 per cent to 0.99 per cent. It is subject to a £1,499 fee.
Its three-year fixed rate at 60 per cent LTV has increased by 0.05 per cent to 1.04 per cent. It has a fee of £999.
The lender has also upped the rate for its five-year fixed rate at 75 per cent LTV from 1.14 per cent to 1.19 per cent. It comes with a £1,499 fee.
The same changes also apply to existing borrowers who are moving home, switching rates or seeking further finance.
Henry Jordan, Nationwide’s director or mortgages, said: “We regularly review the rates we offer across our mortgage range. As swap rates continue to rise we have seen fixed rates start to trend back upwards and these new rates follow similar changes made across the mortgage market over recent weeks.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
