Mortgage Strategy - Nationwide for Intermediaries to hike rates by up to 21bps
Tags: Mortgage Strategy, Press Commentary
Nationwide for Intermediaries will increase fixed and tracker rates by up to 21bps from 30 September.
This includes rates across the lender’s house purchase, existing customers, moving home, first-time buyer and remortgage products.
Trinity Financial product and communications director Aaron Strutt said: “Nationwide has actually waited nearly two weeks to increase its fixed and trackers since its last price hike and during this time some lenders have raised their fixes multiple times.
“Unfortunately Nationwide will only have one fixed rate available to new customers below 5% after these new rates go live, which is a two-year fix at just below 5% with a £1,499 fee for those with a 40% deposit.
“We are getting to the stage where there are not many sub-5% fixed rate mortgages left but there are still some decent tracker deals to choose from.”
Click here to read the full story
Speak to a Trinity Financial adviser today
The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.
Call Trinity Financial on 020 7016 0790 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar
The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.
Any links to third-party websites are provided for information and convenience purposes only. We are not responsible for the content or availability of external sites
Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
