are in a position to raise their interest rates
Nationwide Building Society is in a
position to raise the interest rates on its tracker rate and fixed
The interest rate will also decrease
via its two-year tracker product for homebuyers who decide to
switch mortgage or people who choose to remortgage. Nationwide
Building Society will introduce these new interest rates from
Tuesday April 24th 2007.
On Monday the 5 year fixed rate member
specials will be deducted from sale at closing of business.
Due to money market rates increasing it has been forced into the
increases of certain rates. Many lenders today have pulled fixed
rate products not long ago on uncertainty of initial rate rise.
Nationwide adds: “Unlike many
other lenders, Nationwide does not impose a higher lending charge
for customers who wish to borrow more than 90 per cent LTV. All
of Nationwide’s mortgages offer borrowers the additional
flexibility to overpay or underpay during the deal period."
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