The UK’s biggest mutually owned mortgage provider has become the latest lender to charge more for home loans.
Nationwide warned mortgage brokers today that the interest rates on much of its products would rise tomorrow. The move will take the cost of a five-year fixed rate mortgage on 95% of the value of a home to 5.24%. For first-time buyers also looking to borrow 95% of their home’s value, rates will hit 5.1%.
