Nationwide increases fixed rate deals

Nationwide Building Society is increasing some of its fixed rates for house purchase from tomorrow.

Its two-year fixes are being increased by 0.2% while its three-years are rising by 0.3%.

A spokeswoman says that rising swap rates and increases from most of its competitors have led to the decision.

Last week saw Skipton Building Society, Abbey for Intermediaries and Accord Mortgages increase or withdraw their rates but Halifax Intermediaries dropped its fixes by up to 0.7%