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Any Nationwide mortgage customer can apply for the green loan, which will be available from 1 June. “The markets’ assessment of where interest rates are heading has been consistently wrong over the past nine months. Swaps can be extremely volatile and this is likely to be a knee-jerk reaction before they settle down. “Fixed-rate mortgage pricing had already been rising with a number of lenders repricing recently or giving a heads-up that they intend to do so. State Bank of India is withdrawing its entire buy-to-let product range as of 5pm today while it reviews its pricing. Meanwhile, Precise Mortgages, Kensington, Kent Reliance, Hodge and Marsden Building Society have each withdrawn select deals.

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