Within its new business range, mortgage rates for new members moving on two-, three- and five-year terms have gone up, with pricing starting from 4.28%, 4.24% and 4.14% respectively. This is also the same for existing members moving.
On the first-time buyer side, rates begin from 4.41% for a two-year deal, 4.34% for a three-year deal and 4.29% for a five-year deal.
For new members moving, two- and five-year deals with a £999 fee and no fee from 60% loan to value (LTV) to 80% LTV have risen. Two-year deals start from 4.51% and five-year deals begin from 4.39%.
Remortgage products on two-, three- and five-year terms have increased, starting from 4.39%, 4.34% and 4.19% respectively.
Within its existing business range, two- and five-year products in its existing member moving home shared equity products from 60% LTV to 80% LTV with a £999 fee and zero fees are priced from 4.38% and 4.24% respectively.
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On the additional borrowing side, two-, three- and five-year deals with no fee have gone up and are priced from 4.37%, 4.27% and 4.18%.
Within its switcher range, two-, three- and five-year products with a £999 fee and no fees have risen. Two-year rates start from 4.37%, three-year rates start from 4.27% and five-year deals begin from 4.18%.
Nationwide said the mortgage rate changes would come into force on 29 January. It is the first time this year that Nationwide has changed its rates.
The Co-operative slashes mortgage rates
The Co-operative will reduce select new business rates and retention deals by up to 0.43%.
Within its new business range, select two-, three- and five-year fixed rates will fall by around 0.43%, while select two-year professional mortgage products will decrease by 0.3%.
Help to Buy deals for the Welsh Scheme on two-year terms will decrease by around 0.08%.
Within its retention range, select two- and three-year fixed rates will be cut by up to 0.33%.
The mortgage rate changes will come into force from 31 January.
