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Nationwide increases trackers; Virgin raises fixed rates – round-up
Nationwide has increased tracker rates by 0.25 per cent while Virgin Money has increased all its fixed rates by 0.40 per cent.
Nationwide has increased its two-year tracker rates by 0.25 per cent following the Bank of England’s decision to raise the base rate from one per cent to 1.25 per cent earlier this month.
Existing products must be reserved by 8pm, Tuesday 21 June 2022.
The product for a new member moving home at 85 per cent loan to value (LTV) with £999 fee is now 2.54 per cent while a no-fee product is 2.89 per cent.
A two-year tracker remortgage at 80 per cent LTV with a £999 fee is 2.59 per cent, while the no-fee product is 2.99 per cent.
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Virgin Money
Virgin Money has increased the rates on all fixed rate products by 0.40 per cent.
A two-year fixed purchase and remortgage at 85 per cent LTV is 2.85 per cent while the fee saver option is 3.29 per cent.
On a five-year fixed purchase and remortgage product at 80 per cent LTV, the rate is now 3.44 per cent with a £995 fee.