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Nationwide’s five-year fixed rate deal for remortgage at 60percent LTV has increased to 4.64percent from 4.24percent. The two-year remortgage fixed rate (also 60percent LTV) is now 4.99percent, up from 4.59percent. Mortgage borrowers are being warned to brace for higher costs if they need to take out a loan or remortgage in the coming months as fixed rates look set to rise further, writes Jo Thornhill.

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