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Nationwide increases rates on low deposit deals

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Written by:
04/03/2016
The UK's largest building society is hiking the rates on some of its fixed mortgages
Nationwide increases rates on low deposit deals

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%.

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