Need to knowThe building society has confirmed the changes started on Thursday12:51, 10 Sep 2026Updated 13:11, 10 Sep 2026Nationwide followed other lenders(Image: Joe Morris via Getty Images)Need to know: Nationwide mortgage rate hikes hit borrowers with fresh costsNationwide has hit mortgage borrowers with fresh rate rises of up to 0.20% from today, dealing another blow to families already struggling with the cost of living crisis.The building society's decision to hike both fixed and tracker rates follows similar moves by Halifax, as lenders grapple with soaring wholesale funding costs and economic uncertainty.Mortgage experts are urging borrowers to act fast, warning that rates are heading in only one direction. Jamie Alexander from Alexander Southwell Mortgages said: "The honest message right now is do not wait. Securing a rate today and reviewing it if things improve is a far safer position than sitting on the fence hoping for something better that may not come."The rate increases affect all of Nationwide's mortgage products, including deals for first-time buyers, home movers and those remortgaging.Brokers say the decision to raise tracker rates alongside fixed deals suggests the market is bracing for another Bank of England base rate rise when policymakers meet next week.Property investors are also being warned to prepare for higher costs, with experts saying the rate hikes could leave some struggling to refinance existing loans.READ THE FULL STORY: Nationwide confirms new charges for customers 'from Thursday'