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Tracker rates increased by Nationwide

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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.

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