Nationwide increases selected 10 year fixed rates

11th March 2015

From Wednesday March 11, Nationwide is increasing selected 10 year fixed rate mortgage products, by up to 0.40%. 

For new customers, the 60 per cent and 70 per cent LTV rates for the 10 year fixed rate deal will now be aligned at 3.29% with a £999 fee and 3.39% with no fee. Existing customers moving home or borrowing more will still continue to benefit from a 0.10% discount on these rates.

Henry Jordan, Head of Mortgages at Nationwide, said: “Customer appetite for 10 year fixed rates continues to grow.  While Nationwide is responding to the recent rise in swaps rates by increasing the rate on its lower LTV products for new customers, all of our 10 year fixed rates remain competitively positioned in the market and we expect these products to remain popular for customers looking for longer term security.” 

The 10 year fixed rates for Nationwide mortgage switchers at 60 per cent LTV will be priced at 2.89% with a £999 fee and 2.99% with no fee, as part of the Society’s Loyalty Rate Mortgage initiative. This compares the Society’s mortgage rates for existing customers with those of its top six high street competitors and guarantees to offer the lowest comparative rate for those looking for a new deal.

The 2 year fixed rates for switchers at 60, 70 and 90 per cent are reduced by 0.10%, starting at 1.44% with a £999 fee, while the 5 year fixed rate deals for switchers at 90 per cent LTV start at 3.94% with a £999 fee. 

The Loyalty Rate Mortgages changes are as follows: 

Two year fixed rates
• 60 per cent LTV rates cut by 0.10% to 1.44% with a £999 fee and 1.84% with no fee
• 70 per cent LTV rates cut by 0.10% to 1.64% with a £999 fee and 2.04% with no fee
• 90 per cent LTV rates cut by 0.05% to 3.24% with a £999 fee and 3.64% with no fee

About Nationwide Building Society

Nationwide is the world's largest building society as well as the second largest savings and mortgage provider in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 17,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 17,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Please note: If you are a customer looking for information on our products and services, please visit the main website.