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Nationwide hikes selected fixed rates by up to 0.25%

ended 22. May 2025

From tomorrow, Friday 23 May, the Nationwide has announced it is increasing selected fixed rates by up to 0.25%. Newspage asked brokers and property experts if this is the beginning of a broader repricing following yesterday's inflation data and ongoing swap rate movements. Views will appear below until 15:00.

4 responses from the Newspage community

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David Stirling
Independent Financial Adviser at Mint Wealth
The writing has been on the wall for a few weeks, with swap rates moving upwards, and now lenders being forced to react. Nationwide and Atom Bank have both increased some of their product rates today and, coupled with yesterday's grim inflation figures, it's likely other lenders will swiftly follow suit. Borrowers dithering over booking rates should act now to avoid disappointment. Rates can usually be reviewed before completion and switched if a better deal comes up with their lender.
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Katy Eatenton
Mortgage & Protection Specialist at Eatenton Finance
After the high inflation announcement this week, this was always going to happen. Although Barclays announced rate reductions today, I think the general direction of rates will be up for the immediate future. We could see a market-wide reprice in the wrong direction for borrowers.
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Adam Stiles
Managing Director at Helix Financial Partners
It's no surprise Nationwide have increased their fixed rates on the back of yesterday's unexpected inflation rise. In turn, SWAP rates, which determine how lenders price their fixed rates, have risen. We expect more lenders to follow suit in the coming days.
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Elliott Culley
Director at Switch Mortgage Finance
Nationwide are not the first and they will not be the last mortgage lender to reprice higher based on the latest changes to the economic outlook. With inflation data coming in higher than expected, economists are predicting only one more base rate cut this year, which has resulted in SWAP rates increasing.