Nationwide has increased rates on new business mortgages by as much as 0.35 per cent.
Changes apply to fixed rate products with terms of two, three, five and 10 years up to 95 per cent loan to value (LTV).
For first-time buyers, rates have risen by 0.30 per cent and start at 3.64 per cent for a five-year fixed rate at 60 per cent LTV with a £999 fee, 3.69 per cent for the equivalent two and three-year fixed rates and 3.94 per cent for the 10-year fixed rate.
For home movers and remortgagors, rates have gone up by 0.35 per cent. They now start at 3.59 per cent for a five-year fixed rate deal at 60 per cent LTV with a £999 fee for remortgagors, and 3.64 per cent on the equivalent deal for home movers.
Switcher and additional borrower rates will rise by between 0.05 per cent and 0.10 per cent. Rates for existing members moving home will rise up to 0.35 per cent, as will two and five-year shared equity rates up to 80 per cent LTV.
Green additional borrowing rates will increase by 0.20 per cent.
Changes come into effect today.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS