The new fixed rates include:
- First-time buyers: increases of up to 0.20% on selected products at LTVs up to 85%. This includes:
- Five-year fixed rate at 60% LTV increased by 0.10% to 1.42%, with a £1,499 fee.
- Five-year fixed rate at 80% LTV increased by 0.20% to 2.09%, with a no fee.
- Five-year fixed rate at 85% LTV increased by 0.05% to 1.99%, with a £1,499 fee.
- New customers moving home: increases of up to 0.15% on selected products at LTVs up to 85%. This includes:
- Five-year fixed rate at 60% LTV increased by 0.06% to 1.32%, with a £1,499 fee.
- Five-year fixed rate at 75% LTV increased by 0.15% to 1.44%, with a £1,499 fee.
- Five-year fixed rate at 85% LTV increased by 0.05% to 1.98%, with a £1,499 fee.
- Remortgage: increases of up to 0.15% on selected products at LTVs up to 85%. This includes:
- Five-year fixed rate at 60% LTV increased by 0.10% to 1.39% with a £1,499 fee.
- Five-year fixed rate at 80% LTV increased by 0.15% to 1.84%, with a £999 fee.
- Five-year fixed rate at 85% LTV increased by 0.05% to 2.07%, with a £999 fee.
The Society is increasing shared equity rates by up to 0.10% on selected five-year fixed rates between 60% and 75% LTV.
For the Society’s existing members moving home, Nationwide is increasing rates by up to 0.15% on selected five-year fixed rate products up to 85% LTV.
Switcher and Additional Borrowing rates on selected two, three and five-year fixed rates at 60% and 75% LTV will also increase by up to 0.20%.
Full details of all rates included in these latest changes can be found here.
Nationwide’s first-time buyer mortgages also come with £500 cashback, while those looking to remortgage to the Society can choose between £500 cashback or free standard legal fees.
Henry Jordan, Nationwide’s Director of Mortgages, said: “We regularly review the rates we offer across our mortgage range in line with market conditions. As swap rates continue to edge upwards, we have seen rates rise across the market. We know many borrowers prefer the payment certainty that a fixed rate deal offers and despite these increases, rates remain low in historic terms.”
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