Nationwide hikes fixed rates and trackers

The lender blamed sharp increases in money market rates for the decision. The lowest rates in the repriced range, three-year purchase and remortgage trackers at 5.74%, are only available directly to customers. Two-year fixed rates for remortgage with no fee are the most expensive, with rates starting at 7.15%, and are 0.4% higher than the same product with a £599 fee. By contrast, two-year fixed rates for house purchase are just 6.95% with no fee, or 6.55% with a £599 arrangement. Despite the Bank of England keeping base rate on hold at 5% in recent months, growing inflation had led ana...