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Mortgage News

Nationwide raises rates for switchers and additional borrowing

Lana Clements
Written By:
Posted:
March 9, 2022
Updated:
March 9, 2022

Nationwide is the latest lender to increase rates on select mortgages.

 

The building society has raised switcher rates on select two, three, five and 10-year fixed rates by as much as 0.25 per cent.

Two-year switcher tracker rates have also increased by between 0.02 per cent and 0.20 per cent.

The lender has upped further advance rates on select two, three, five and 10-year fixed rates by between 0.05 per cent and 0.25 per cent.

And selected two-year tracker rates have increased by between 0.05 per cent and 0.20 per cent.

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Analysis this week found that average two and five-year mortgage rates increased between February and March, as lenders pulled hundreds of deals off the market.