Nationwide increases rates

The changed rate are available from Tuesday 1 August 2006.

The rates are as follows:

Two-year fixed rate (with £699 fee) available from: 4.89 per cent

Three-year fixed rate (with £399 fee) available from: 5.18 per cent

Steve Clode, divisional director, marketing, said: “Nationwide prides itself on offering some of the best mortgage rates on the high street. Our full range of mortgages remains very competitive and borrowers could make significant savings by moving to Nationwide.”

All of Nationwide’s fixed rate mortgages offer borrowers the facility to overpay or underpay during the deal period and are available to both new and existing borrowers.