Nationwide puts trackers up

The lender has cited the high costs of funding as the reason for these rate increases.

All current products will be withdrawn at midnight on Tuesday 22 January 2008, with the below changes taking effect the following day.

Changes are as follows:

House purchase

  • Two year tracker (with £599 fee) available from: 5.68 per cent (previously 5.58 per cent)
  • Two year tracker (no fee) available from: 6.08 per cent (previously 5.98 per cent)
  • Two year tracker (with £1,499 fee) available from: 5.53 per cent (previously 5.48 per cent)
  • Lifetime tracker (no fee) available from: 5.89 per cent (previously 5.74 per cent)
Remortgage and additional borrowing

  • Two year tracker (with £599 fee) available from: 5.78 per cent (previously 5.73 per cent)
  • Two year tracker (no fee) available from: 6.18 per cent (previously 6.13 per cent)
  • Two year tracker (with £1,499 fee) available from: 5.63 per cent (previously 5.58 per cent)
  • Lifetime tracker (no fee) available from: 5.94 per cent (previously 5.84 per cent)