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Nationwide raises fixed-rate charges
16 December 2008 16:54
Nationwide Building Society has announced that it will be increasing interest rates on a number of its mortgage products.
Customers looking to take out a fixed-rate home loan with Nationwide will be faced with inflated rates, which have risen by 0.3 per cent in a number of cases.
As part of the changes in its product line-up, the group has also introduced three new tracker deals.
Matthew Carter, divisional director of mortgages at Nationwide, said that the lender was happy to be able to re-enter tracker market with its latest package.
He added that as part of the bank's ongoing policy to help current borrowers through the economic crisis, it had introduced a higher tier loan-to-value product, which would benefit those who are planning on moving home.
All of Nationwide's new rates will come into affect from December 17th (Thursday).
Earlier this week, the government unveiled a £400 million package of measures to help first time buyers get a food on the property ladder.
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