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%.