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Nationwide increases fixed-rate mortgage rates
Mon, 31 Jul 2006
Nationwide Building Society has altered the rates on some of its fixed-rate mortgage deals.

The company has changed the rates on two mortgage options, with both new prices to become available from August 1st 2006.

One of the mortgage deals altered is a two-year fixed-rate package, which features a £699 fee and is available at 4.89 per cent.

The other mortgage to be amended is a three-year fixed-rate deal, with a £399 fee, which has a rate of 5.18 per cent.

Nationwide states that all of its fixed-rate mortgages offer borrowers the option to overpay or underpay during the deal period, while the deals are also available to both new and existing borrowers.

Steve Clode, divisional director of marketing at the mortgage provider stated that Nationwide still had some of the best deals available in the UK.

"Nationwide prides itself on offering some of the best mortgage rates on the high street," he said.

"Our full range of mortgages remains very competitive and borrowers could make significant savings by moving to Nationwide," he added.

Fixed-rate mortgages may suit borrowers who wish to have the security that the rate is not dependent of Bank of England base rate changes.

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