Thisismoney.co.uk - Final sub-4% mortgage rates are about to vanish as Nationwide hikes home loan prices

Nationwide Building Society looks set to withdraw the final sub-4 per cent fixed rate mortgages from market tomorrow.

Britain's biggest mutual is increasing rates by up to 0.35 percentage points, which brokers say will leave no fixed rate deals below 4 per cent.

Aaron Strutt of broker Trinity Financial told Thisismoney.co.uk: 'It looks like Nationwide is about to pull the last sub-4 per cent mortgage rates from the market which is a shame because pricing had been heading down and there were some great rates to choose from.

'While rates have clearly increased, they are not excessively expensive given that HSBC and Halifax have fixed rates priced just over 4 per cent and the best five-year fixes are only a bit higher. 

'We are still expecting more rate hikes this week as the cost of funding mortgages has gone up.'

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