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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%

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  • Ancient Wisdom...is a mortgage broker in N3 23rd February 2011 at 3:57 pm

    ..Chris Rhodes – with Fixed rate like these, the clients can only afford to stay on low trackers and SVRs.

    Brokers do a great job for many people wanting mortgage advice – a far better job than your direct sales staff who are targeted on sales and churning.

    I hope you make a formal written apology addressed to the intermediary community with your comments yesterday – the community who have sent you clients and business for many years, the same community whose earnings have dropped over 70% for many and continue to stick it out to make clients happy with good advice – like us.