
Nationwide increases rates across existing business mortgage range
The changes apply mainly to additional borrowing and switcher products, with higher rates on fixed options at LTV bands from 75% to 90%.

The changes apply mainly to additional borrowing and switcher products, with higher rates on fixed options at LTV bands from 75% to 90%.

Switch products are available up to 80% LTV, while further advances are offered up to 75% LTV.

The new rates apply to 2-, 5- and 10-year fixed products and will be available from tomorrow, 10th June.

Switchers will see the 2-year fixed rate at 2.78% with a 3% fee available up to 65% loan-to-value (LTV), down by 0.21%.

Rates start at 6.24% for a 5-year fixed-rate for single self-contained properties, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).

The buy-to-let rate reductions include a 2-year fixed rate at 3.59%, with a 3% fee, available up to 65% LTV.

The 2-year fixed rate switch products now start at 4.59% with a 3% fee, going up to 6.09% with no fee.

The bank is reducing selected remortgage rates by up to 0.35% and switcher rates by up to 0.13%.

The reductions to the switcher products for buy-to-let include a 2-year fixed at 3.79%.

The new buy-to-let switcher rates include a 2-year fixed at 3.89% with a 3% fee, available up to 65% loan-to-value (LTV).

The Cambridge Building Society has increased the procuration fee it pays for product switches from 0.20% to 0.30%.

The new buy-to-let switcher rates include a 2-year fixed at 3.99% with a £3995 fee, available up to 65% loan-to-value.
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