Nationwide Building Society has announced an increase in rates on its range of fixed rate and tracker mortgages. The new rates are available from Friday 1 June 2007.

The new details are as follows:

Home Mover

Two year fixed rate (with £499 fee) available from: 5.68%
Two year fixed rate (no fee) available from: 6.08%
Two year fixed rate (with £999 fee) available from: 5.53%
Three year fixed rate (with £499 fee) available from: 5.88%
Five year fixed rate (with £499 fee) available from: 5.68%
Ten year fixed rate (with £499 fee) available from: 5.68%
Two year tracker (with £599 fee) available from: 5.28%
Two year tracker (no fee) available from: 5.68%
Lifetime tracker (no fee) available from: 5.79%

Remortgage and Additional Borrowing

Two year fixed rate (with £499 fee) available from: 5.78%
Two year fixed rate (no fee) available from: 6.18%
Two year fixed rate (with £999 fee) available from: 5.68%
Three year fixed rate (with £499 fee) available from: 6.03%
Five year fixed rate (with £499 fee) available from: 5.78%
Ten year fixed rate (with £499 fee) available from: 5.78%
Lifetime tracker (no fee) available from: 5.94%

Existing Nationwide mortgage customers get a ?100 discount off their reservation fee when they switch from one Nationwide product to another, buy a new home or borrow additional monies.

Nationwide will also be increasing the maximum loan to value (LTV) for remortgages from 90% to 95%.

Nationwide will withdraw its current range of products at 11.59pm on Thursday 31 May 2007.