Nationwide is the latest big lender to raise its mortgage rates

Nationwide increases mortgage rates as funding costs rise

Nationwide Building Society is increasing selected fixed and tracker mortgage rates by up to 0.20% from Thursday 10 September 2026, affecting First Time Buyer, Home Mover, Remortgage and existing customer deals.

One of the most noticeable changes is Nationwide’s cheapest two-year fixed rate, which is increasing from just below 4.50% to just below 4.65%. The deal had been one of the standout best-buy options for borrowers looking for a competitively priced shorter-term fix.

Nationwide’s cheapest five-year fixed rate is also rising, although by a smaller amount, from around 4.50% to 4.60%.

The lender last changed its mortgage pricing on 18 August, when it made selected rate reductions. Nationwide has therefore held its pricing for longer than many of the other major lenders during a period of rising mortgage funding costs.

How do Nationwide's new rates compare?

There are still cheaper deals available elsewhere, depending on borrowers' circumstances.

Halifax has a two-year fixed rate from around 4.40% with a £999 fee for eligible higher earners who have or open a Lloyds Premier current account. Its more widely available homebuyer two-year fix is around 4.60%.

Santander currently has a two-year home mover fixed rate at just over 4.50% with a £1,499 fee at 60% LTV, although Santander itself increased many fixed rates on 8 September.

Aaron Strutt, Product Director at Trinity Financial, says:

“Nationwide has held off repricing for longer than many of its competitors, but higher funding costs are now feeding through into mortgage rates.

“There are still some competitively priced deals available, and borrowers who are close to buying a property or remortgaging may want to secure a rate rather than assume cheaper fixes will become available in the short term.”

Mortgage rates and lending criteria can change at short notice. Trinity Financial's brokers can compare deals from high-street banks, building societies and specialist lenders to help borrowers find a suitable mortgage.

Speak to Trinity Financial

If you are buying a property and would like to understand how much you could borrow and what your monthly mortgage payments may be, contact Trinity Financial to discuss your options with one of our mortgage brokers.

Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire. 

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.

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