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Nationwide pulls fixed deals

Nationwide has withdrawn various fixed deals and raised rates on others by up to 0.32%.

The lender has pulled its two-year fixed rates of 5.82%, 6.02% and 6.52% along with its three-year fixed deals of 5.95%, 6.15% and 6.65%.

The building society’s fees for its five-year fixed rate mortgages jumped up to £699. The rates on this product are now 6.15% for a max LTV of 75%, 6.35% for 90% max LTV and 6.75% for max LTV of 95%.

The lender has also put a £1m cap on its mortgage lending.

The changes to fixed rate deals will apply to both new mortgages and re-mortgage customers.

The smallest rate rise will be on two-year fixed rate mortgages with an increase of 0.12%, with no change to the £499 fee.

Nationwide has also withdrawn its Open Market Home Buy Scheme because the scheme finished at the end of March.

Royal Bank of Scotland, Alliance & Leicester and Britannia also all raised rates.


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