Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Nationwide Raises Selected Fixed and Tracker Mortgage Rates by Up to 0.20%

Nationwide will increase selected fixed and tracker mortgage rates by up to 0.20%, effective from 10 September. The changes will impact a range of products, including those for first-time buyers, home movers, existing customers moving home, and remortgage clients.

The rate increases will also apply to Nationwide’s switcher and additional borrowing ranges. According to the report, the lender’s cheapest two-year fixed rate will rise from 4.48% to 4.63%, while the five-year fixed rate will increase from 4.5% to 4.59%.

These changes follow a series of rate increases by other lenders over the past week. The report notes that Halifax Intermediaries, BM Solutions, Accord Mortgages, and InterBay all announced rate changes yesterday.

For letting agents and inventory clerks, these mortgage rate adjustments may influence the affordability and movement of tenants and landlords in the UK property market. The changes could affect decisions around remortgaging, property purchases, and additional borrowing.