Nationwide hikes fixed and tracker rates

Nationwide has increased its rates on some of its fixed rate and tracker mortgages.

The new rates are available from Tuesday June 26 2007.

For home movers the new deals include two-year fixed rates starting from 5.98%

For remortgage and additional borrowing customers deals include two-year fixed rate starting from 6.08%

Existing Nationwide mortgage customers get a £100 discount off their reservation fee when they switch from one Nationwide product to another, buy a new home or borrow additional monies.

Nationwide will also be increasing the reservation fee to £599 on its five-year fixed rate mortgage and decreasing the fee to £1,499 on its two-year tracker.

Nationwide will withdraw the current products range on Monday June 25 2007.