View more on these topics

Nationwide increases fixed rates by 0.3%

Nationwide Building Society is raising most of its fixed rate products by 0.3% from tomorrow.

Two, three and five-year fixed rates for house purchase, remortgage and further advances are increasing by 0.3%.

The Mortgage Works is increasing all fixed rates from residential from residential and guarantor mortgages by 0.3%.

A spokesman for Nationwide says it always has a view of the marketplace and its competitors.

He also says that Nationwide is not immune to the rising swap rate environment.


Paul Fisher reappointed to MPC

Markets executive director Paul Fisher has been reappointed as a member of the Bank of England’s Monetary Policy Committee for a further three-year term.

Raising interest rates will lead us into depression

With all the talk of rising inflation it’s surprising how many people are falling for the interest rates must rise to control inflation line. First, inflation is being caused by rises in global commodity prices. It is not being caused by domestic demand. Raising interest rates is the tool normally used to dampen demand. If […]

Kensington and Precise eye up bridging sector

Kensington and Precise Mortgages are believed to be looking to enter the bridging sector in 2011. Kensington recently revealed ambitions to broaden its product range after boosting its buy-to-let presence while Precise Mortgages says bridging is one of the sectors on its radar. Alan Cleary, managing director of Precise Mortgages, says the lender is researching […]


News and expert analysis straight to your inbox

Sign up