Nationwide in the Lead on Hefty Mortgage Rate Increases

January 2022 – Nationwide Building Society has taken the lead for mortgage rate rises on more than half of its mortgages in response to the base rate rise, with some products going up by three times the 0.15 per cent bank rate increase.

Nationwide has increased rates on 238 mortgages with rises of between 0.05 per cent and 0.45 per cent.  That is three times as much as the Bank Rate.  But, surprise, surprise, it is yet to announce any improvements in rates for savers.

Telegraph – “A Kick in the Teeth by the Nationwide”