You are here: Home - Uncategorized -

Tracker rates increased by Nationwide

0
Written by:
21/07/2016
With a cut in the Bank of England Base Rate widely expected, Nationwide is the latest lender to hike its tracker rates
Tracker rates increased by Nationwide

Nationwide has increased the rates on its two-year tracker mortgages by up to 0.15%, after a number of mainstream lenders in the market made the same move.

Rates on Nationwide’s two-year trackers at 70%, 75%, 85% and 90% loan-to-value (LTV) have been increased by 0.15% of a percentage point with rates at 80% LTV rising by 0.10%.

Nationwide noted that tracker rates would never go below 0%. It explained that if the Bank of England Base Rate fell to 0% or less during the tracker period, the payable rate will be 0% plus the agreed set percentage above the Base Rate.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2019-2020

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
mortgage deals
Boost in mortgage lending in June

There was a 16% rise in mortgage lending last month, but a fall is expected over the summer

Close