Nationwide increase rates on fixed and tracker mortgages

Nationwide Building Society has announced an increase in rates on its range of fixed rate and tracker mortgages.

The new rates are available from Friday 1 June 2007.

The new details are as follows:

Home Mover

Two year fixed rate (with £499 fee) available from: 5.68%

Two year fixed rate (no fee) available from: 6.08%

Two year fixed rate (with £999 fee) available from: 5.53%

Three year fixed rate (with £499 fee) available from: 5.88%

Five year fixed rate (with £499 fee) available from: 5.68%

Ten year fixed rate (with £499 fee) available from: 5.68%

Two year tracker (with £599 fee) available from: 5.28%

Two year tracker (no fee) available from: 5.68%

Lifetime tracker (no fee) available from: 5.79%


Remortgage and Additional Borrowing

Two year fixed rate (with £499 fee) available from: 5.78%

Two year fixed rate (no fee) available from: 6.18%

Two year fixed rate (with £999 fee) available from: 5.68%

Three year fixed rate (with £499 fee) available from: 6.03%

Five year fixed rate (with £499 fee) available from: 5.78%

Ten year fixed rate (with £499 fee) available from: 5.78%

Lifetime tracker (no fee) available from: 5.94%

Existing Nationwide mortgage customers get a £100 discount off their reservation fee when they switch from one Nationwide product to another, buy a new home or borrow additional monies.

Nationwide will also be increasing the maximum loan to value (LTV) for remortgages from 90% to 95%.

Nationwide will withdraw its current range of products at 11.59pm on Thursday 31 May 2007.