Nationwide is increasing the rates on some of its mortgages for those borrowers with the smallest deposits.

From today it is hiking rates on 95% loan-to-value (LTV) fixed rate products by up to 0.20%, although existing borrowers will still benefit from a 0.10% discount.

The building society’s two-year 95% loan-to-value fixed rate deal will rise from 4.09% to 4.49%, while its three-year fix will increase to 4.89% from 4.59%.

Five-year fixed rates at 95% LTV will go up from 4.89% to 5.09%.