Nationwide is increasing rates on selected products by up to 65 basis points tomorrow.

The lender emailed brokers this afternoon to notify them of the rate hikes as well as the withdrawal of three-year fixed rates for new customers.

For home purchases, including first-time buyers, two and five-year fixed rates and two-year trackers will increase by up to 60 basis points.

For remortgages and existing borrowers moving house, fixed rates and trackers will increase by up to 65 bps.

Product transfers for existing borrowers switching deals will also increase by up to 55 bps.

For full details of the changes, the lender has published a new product guide with updated rates on its intermediary website.