Friday, 28 March 2008

Nationwide Increases Mortgage Costs

Although the base rate was not changed this month, the Nationwide Building Society has put up it's lending charges. Rates for two-year trackers have increased by 0.57% and average fixed rate mortgages have gone up by 0.2%.

Matthew Carter, Nationwide's director of mortgages, said: 'Nationwide sympathises with anyone who is concerned about the availability of affordable mortgages. We continue to offer our customers a wide range of fixed and variable rate mortgages up to 95% loan to value with, as always, a focus on prudent and responsible lending rather than volume.'

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