The Society needs to ensure that its mortgage pricing remains sustainable at a time where swap rates, on which mortgage pricing is based, continue to fluctuate and, in recent times, have started to increase once again.
As a result, the Society is increasing selected two and five-year fixed rates and two-year tracker rates by between 0.05% and 0.21%.
Full details of rates included in these latest changes can be found here.
Henry Jordan, Director of Home at Nationwide Building Society, said: “Over the last few months, we have continued to lower rates across our mortgage range, including doing so four times this year. However, given the recent increase in swap rates, we are having to make some small increases on selected mortgage rates this week so that we can continue to balance our support for all types of borrowers with the need to ensure our rates remain sustainable.”
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