Nationwide mortgages raise rates

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Nationwide mortgages raise rates

Tue 8th Mar 2005

Nationwide mortgages is increasing interest rates on its fixed rate mortgages.

The new rates will be available from March 10th and are in response to recent movements in the money markets.

Under the new rates, a two-year, three-year and five-year fixed rate will be available from 5.19 per cent, previously 4.95 per cent.

Current ranges of fixed rate mortgage products will be withdrawn when business closes on March 9th.

All of the new fixed rate and tracker mortgages let borrowers overpay or underpay during the deal period and are open to all borrowers.

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