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Nationwide raises rates for switchers and additional borrowing

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Written by: Lana Clements
09/03/2022
Nationwide is the latest lender to increase rates on select mortgages.

The building society has raised switcher rates on select two, three, five and 10-year fixed rates by as much as 0.25%.

Two-year switcher tracker rates have also increased by between 0.02% and 0.20%.

The lender has upped further advance rates on select two, three, five and 10-year fixed rates by between 0.05% and 0.25%.

And selected two-year tracker rates have increased by between 0.05% and 0.20%.

Analysis this week found that average two and five-year mortgage rates increased between February and March, as lenders pulled hundreds of deals off the market.

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