Nationwide increases rates by 0.15% | Mortgage Strategy

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Nationwide is adding 0.15 per cent to the interest rates on a selection of fixed rate and tracker products.

For existing borrowers who wish to purchase, all changes are occurring at the 0 per cent LTV to 60 per cent LTV category and notable moves include the two-year fix with zero fee receiving a 0.15 per cent increase, taking its rate to 1.79 per cent and five-year fix rate with £999 fee going up by 10 basis points to 1.54 per cent.

Remortgage products that have received rate increases are also limited to the 0 per cent LTV to 60 per cent LTV category.

Here, the two-year fix with zero fee is being raised by 0.15 per cent to set a rate of 1.79 per cent and the five-year fix with £1,499 fee by 0.10 per cent, to 1.49 per cent.

The two-year tracker with zero fee has also gone up, this time by 0.15 per cent, to 1.89 per cent.

Switcher products are also experiencing rates increases of up to 0.15 per cent.

Notable rises concern 85.01 per cent LTV to 90 per cent LTV products. The two-year fix with £999 fee is going up by 0.15 per cent to leave the rate at 2.54 per cent and the three-year fix with zero fee is going up by 0.15 per cent to 3.04 per cent.

Meanwhile, the five-year fix with £999 fee has received a 0.15 per cent increase, taking it to 2.84 per cent and the two-year tracker with zero fee has been increased by 0.15 per cent to 2.94 per cent.

Separately, The Mortgage Works is withdrawing zero fee products at 75 per cent LTV for purchase and remortgage from tomorrow, 30 September.


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