Nationwide increases rates on fixed rate mortgages

Nationwide has increased the rates on its range of fixed rate mortgages.

The new rates are available from Wednesday June 28 2006.

The rates are as follows:

* Two-year fixed rate (with 399 fee) available from: 4.98%
* Two-year fixed rate (with 699 fee) available from: 4.79%
* Three-year fixed rate (with 399 fee) available from: 5.13%
* Five-year fixed rate (with 399 fee) available from: 5.18%
* 10-year fixed rate (with 399 fee) available from: 5.18%

Steve Clode, divisional director of marketing at Nationwide, says: Nationwide prides itself on offering some of the best mortgage rates on the high street.

“Money market rates have increased recently and we have found it necessary to follow other lenders that have increased their rates. Our full range of mortgages remains very competitive and borrowers could make significant savings by moving to Nationwide.