View more on these topics

Nationwide to increase rates on its book

Nationwide Building Society is increasing the rates on some of its fixed and tracker rate mortgages.

It will also be decreasing the rate on its two-year tracker product for remortgagers and switchers. The new rates are available from Tuesday April 24.

The five-year fixed rate member exclusive will be withdrawn from sale at close of business on Monday.

It says it has been forced into the increases because money market rates have increased recently. A number of lenders have pulled fixed rate products recently on fears of an upcoming rate rise.

The lender 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.”


Watchdog puts bite on critical cover

Chief financial ombudsman Walter Merricks has caused a storm over claim statistics with remarks made on the Watchdog TV programme last week.

Fidelity upbeat on Europe prospects

Fidelity’s Tim McCarron has reassured investors that despite four years of strong returns there is still scope for European growth.

Canada Class act for online cover

Canada Life’s internet-based e-business portal Class now allows advisers to complete the on-risk process online with the system confirming that cover is in place.


News and expert analysis straight to your inbox

Sign up


    Leave a comment