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Mortgage News
Below you will find news relating to mortgages. Get up to date information about the current mortgage market.
Nationwide Building Society Rates Rise
For the second time in a month Nationwide Building Society has increased mortgage rates across its range.
Earlier this month rates were available from a reasonably competitive 5.85% for a fixed rate deal. Now the lowest rate available is 6.35% (up to 75% loan-to-value), a rise of 0.5%.
Borrowing over 75% loan-to-value now has a minimum rate of 6.55% for a tracker or 6.75% for a fixed rate.
Experts are still speculating about the future of interest rates, house prices and inflation and this is just another indication that things may be far from settled.
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FM2 are 'whole of market' advisers with access to a mortgage database containing thousands of mortgage offers - updated daily with many high-street lenders including Halifax, Nationwide, Woolwich, Alliance & Leicester, Cheltenham & Gloucester, RBS, Abbey, Northern Rock, Coventry and Leeds Building Society. Their advisors are able to quickly find a product to suit your individual requirements.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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