Nationwide hikes high LTV rates by up to 55 basis points | Mortgage Strategy

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Nationwide Building Society has increased the rates on scores of high loan-to-value deals by up to 55 basis points today.

The lender has put up prices on a number of product transfer, house purchase and remortgage products.

Some of the biggest increases have been to its rate switcher deals.

Its two-year tracker at 85 per cent LTV has jumped by 0.55 percentage points to 2.89 per cent with no fee.

A large number of other two, three and five-year fixed rates in its switcher range have also increased by up to 0.4 points.

For existing borrowers looking to purchase a new home, there have been increases of up to 0.35 points.

Among these, its two-year fixed at 90 per cent LTV has been raised to 3.74 per cent with no fee and its two-year fixed at 85 per cent LTV has increased to 3.24 per cent.

Five-year fixed rates in the same range have also increased to 3.74 per cent at 90 per cent LTV and to 3.44 per cent at 85 per cent LTV with no fees.

There have been many other rate hikes, including for remortgage deals at 85 per cent LTV.

Full details of the newly-priced products are available on Nationwide’s intermediary website today.


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