Nationwide mortgage rates are increased.
A recent Nationwide mortgage rates increase has been announced which comes only a short while after the lender declared its standard variable rate would not rise.
Nationwide SVR mortgage holders were among the lucky ones whose contracts state their SVR will not rise beyond the agreed cap of 2 per cent above the base rate
However it was recently announced that other Nationwide mortgage rates would rise.
From 16 March all Nationwide 2 year fixed rates increased by 0.20 per cent and all 2 and 3 year tracker mortgage rates also increased by 0.20 per cent.
While some of their rates have been fractionally increased the lender has also confirmed it has joined the Government's NewBuy scheme.
The Nationwide has announced that it will be offering 95 per cent loan to value deals for the governments NewBuy initiative with a 3 year fixed rate mortgage offered at 5.69 per cent and a 5 year fixed rate mortgage offered at 5.99 per cent. Both new products come with a £999 fee and are only offered on property built by Bellway, Barratt, Bovis, Redrow , Persimmon and Taylor Wimpey.
Whether you are a first time home buyer looking for a NewBuy deal or a home-owner looking to remortgage and switch deals, Deal Direct can negotiate the most competitive Nationwide mortgage rates on your behalf.
