Selected rate increases from Nationwide for Intermediaries Mortgage Finance Gazette

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Nationwide for Intermediaries has confirmed that from 22 November it is increasing selected switcher and additional borrowing fixed rates by up to 0.15%.

New business and existing customers moving home products remain unchanged.

Examples of rate increases include for additional borrowing, a two-year fixed, 75% LTV with no fee is now 4.49%, and for a three-year fix with 75% LTV and no fee the new rate is 4.37%.

For switcher mortgages, a two-year fixed 60% LTV with £999 fee is now 4.27% and a five-year fixed 75% LTV with no fee is 4.39%

In addition, the lender has updated its criteria for Helping Hand applications and will be withdrawing from the Deposit Unlock scheme.