Nationwide Building Society has become the latest lender to increase the cost of many of its residential fixed-rate products, for both new purchases and remortgaging.
These increases impact its ‘new member moving’ and first-time buyer ranges, as well as its shared equity range for both new members and FTBs.
The building society has also increased the cost of most of its fixed-rate remortgage range, while introducing a number of new remortgage rates at 95% LTV.
On its new member moving loans, a two-year fix (up to 75% LTV) is now priced at 4.74% with a £999 fee, or 4.94% without this fee. A five-year fix at the same LTV band costs 4.4% with the £999 fee, or 4.59% on the fee-free option.
In its first-time buyer range Nationwide is now charging 5.54% (up to 95% LTV) on its two-year fix (with a £999 fee), and 5.74% without the fee. Its five-year fixes at this LTV are now priced at 5.09% (£999 fee) and 5.24% without the fee.
On is remortgage range Nationwide’s new 95% LTV tier has a two-year fix at 5.84% (£999 fee) and a five-year fix at 5.34%, with the same fee.
For those remortgaging with more equity in their home a two-year fix at 75% LTV now costs 4.89% with the £999 fee, 5.14% without a fee and 4.84% with a £1,499 fee.
