Nationwide raises rates up to 20bps

The move follows similar changes by other high street lenders and is effective immediately.

New rates include:

Five-year fixed rate available at 3.89% (70% LTV)

• £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and existing customers moving home

• £500 product fee discount for first-time buyers

• Product fee-free option available at 4.09%, £99 booking fee will still apply

• Other rates available at 75% LTV and above

Three-year fixed rate available at 4.39% (85% LTV)

• £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and existing customers moving home

• £500 product fee discount for first-time buyers

• Product fee-free option available at 4.69%, £99 booking fee will still apply

• Other rates starting from 3.59% at 70% LTV (£900 product fee, £99 booking fee) are also available

Two-year fixed rate available at 5.49% (90% LTV)

• £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and existing customers moving home

• £500 product fee discount for first-time buyers

• Product fee-free option available at 5.89%, £99 booking fee will still apply

• Other rates starting from 3.29% at 70% LTV (£900 product fee, £99 booking fee) are also available