More lenders have been forced to withdraw and reprice products today, in direct reaction to rising swap rates.
This comes ahead of next weeks Monetary Policy Committee meeting, which many expect will see the base rate rise for the thirteenth consecutive time.
Nationwide will be increasing its fixed rates from tomorrow, Friday 16 June.
Its existing rates will be increased by up to 0.70%, and includes rates across its New Business, Switcher, Additional Borrowing and Existing Customer Moving Home Ranges.
West One Loans will be withdrawing fixed rate products from its Platinum and Prime Plus ranges effective today, and plans to relaunch the repriced rates as soon as possible.
Additionally, Allica Bank has made the decision to raise pricing across all its fixed rate products by 0.5% as of 5pm today.
These changes follow a wave of product alterations from lenders across all areas of the market, as many continue to struggle in the face of high inflation and rising swap rates.
