Mortgage Strategy - Nationwide increases select fixes and tracker rates by up to 0.20%

Nationwide will increase selected fixed and tracker rates by up to 0.20%, effective 10 September.

This includes rates across its first-time buyer, home mover, existing customers moving home and remortgage products.

Commenting on the increases, Trinity Financial product and communications director Aaron Strutt says: “Nationwide last changed its mortgage rate pricing on the 18th August which is quite a long time in the current economic climate. Many of the other lenders change their rates much more frequently, so Nationwide is one of the last big providers to hike its rates following the funding cost increases.”

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