Mortgage News

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

Found in Category: Mortgages, News June 17th, 2008

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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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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