Nationwide updates rates on fixed rate and tracker mortgages

Nationwide Building Society today announces an increase in rates on some of its fixed rate and tracker mortgages.

The new rates are available from Tuesday 26 June 2007.

The new details are as follows:

Home Mover

Two year fixed rate (with £499 fee) available from: 5.98%
Two year fixed rate (no fee) available from: 6.38%
Two year fixed rate (with £999 fee) available from: 5.83%
Three year fixed rate (with £499 fee) available from: 6.18%
Five year fixed rate (with £599 fee) available from: 5.98%
Ten year fixed rate (with £499 fee) available from: 5.98%
Two year tracker (with £1,499 fee) available from: 5.13%

Remortgage and Additional Borrowing
Two year fixed rate (with £499 fee) available from: 6.08%
Two year fixed rate (no fee) available from: 6.48%
Two year fixed rate (with £999 fee) available from: 5.98%
Three year fixed rate (with £499 fee) available from: 6.33%
Five year fixed rate (with £599 fee) available from: 6.08%
Ten year fixed rate (with £499 fee) available from: 6.08%

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 reservation fee to £599 on its five year fixed rate mortgage and decreasing the fee to £1,499 on its two year tracker.

Nationwide will withdraw the current products at 11.59pm on Monday 25 June 2007.