Nationwide increases rates

The new rates are available from Tuesday 26 June 2007.

The new details are as follows:

Home Mover

Two year fixed rate (with £499 fee) available from: 5.98%

Two year fixed rate (no fee) available from: 6.38%

Two year fixed rate (with £999 fee) available from: 5.83%

Three year fixed rate (with £499 fee) available from: 6.18%

Five year fixed rate (with £599 fee) available from: 5.98%

Ten year fixed rate (with £499 fee) available from: 5.98%

Two year tracker (with £1,499 fee) available from: 5.13%

Remortgage and Additional Borrowing

Two year fixed rate (with £499 fee) available from: 6.08%

Two year fixed rate (no fee) available from: 6.48%

Two year fixed rate (with £999 fee) available from: 5.98%

Three year fixed rate (with £499 fee) available from: 6.33%

Five year fixed rate (with £599 fee) available from: 6.08%

Ten year fixed rate (with £499 fee) available from: 6.08%

Existing Nationwide mortgage customers get a £100 discount off their reservation fee when they switch from one Nationwide product to another, buy a new home or borrow additional monies.

Nationwide will also be increasing the reservation fee to £599 on its five year fixed rate mortgage and decreasing the fee to £1,499 on its two year tracker.

Nationwide will withdraw the current products at 11.59pm on Monday 25 June 2007.