Nationwide has increased the rates on a number of its fixed rate mortgage deals by 0.3 per cent in reaction to rising swap rates.
The lender has increased the rates on its two, three and five-year fixed rates for house purchases, remortgage and further advance customers by 0.3 per cent.
The Mortgage Works, a Nationwide subsidiary, has increased the rates on all of its fixed rate residential mortgages and guarantor mortgages by 0.3 per cent.
The changes take place from today.
A Nationwide spokesman says: “As with a lot of other lenders, we are not immune to the rising swap rate environment.”