The rate increases from Nationwide and Virgin Money follow Barclays\u2019 decision earlier in the week to increase its mortgage pricing. According to the report from the Mirror<\/a>, Barclays raised its two-year fixed mortgage from 4.75% to 5.05%, while its five-year fixed mortgage moved from 4.93% to 5.03%.<\/p>\n\n\n\n Mortgage brokers said the latest changes reflect wider market conditions. Justin Moy<\/strong>, managing director of EHF Mortgages, said Nationwide and Virgin Money were adjusting rates as swap rates and the economic environment showed no improvement in the short or long term.<\/p>\n\n\n\n According to Moy, there are now few fixed mortgage deals below 5% available, which affects both people looking to buy homes and those preparing to remortgage. He said government schemes aimed at helping buyers with smaller deposits <\/strong>would have limited impact if mortgage rates remained high.<\/p>\n\n\n\n James Blackle<\/strong>r, managing director of Oakstead Finance, said the pricing of mortgages <\/a>is influenced by swap rates. He explained that borrowers who prepare early for remortgaging can avoid being affected by sudden changes close to the end of an existing fixed deal.<\/p>\n\n\n\n Other mortgage advisers said borrowers should continue to review their options as rates remain changeable. Tracey Dixon<\/strong>, a buy-to-let mortgage specialist and owner of Pure Mortgage and Protection<\/a>, said lenders were adjusting prices as their funding costs increased. According to Dixon, borrowers approaching the end of a fixed mortgage deal should look at available options<\/strong> early rather than waiting for certainty, as rates can move in either direction.<\/p>\n\n\n\n![\"\"](\"https:\/\/en.econostrum.info\/uk\/wp-content\/uploads\/sites\/6\/2026\/09\/Mortgage-rates-rise-as-Nationwide-Virgin-Money-and-Barclays-adjust-deals-\u00a9Shutterstock-1200x727.jpg\")
Brokers Warn Borrowers Should Monitor Changing Mortgage Costs<\/strong><\/h2>\n\n\n\n