Mortgage lenders to increase fixed rate deals

Cheltenham & Gloucester is repricing its entire fixed rate mortgage range offered through intermediaries from Tuesday. Halifax, which is also part of the Lloyds banking group, is raising the cost of selected fixed rate mortgages available through intermediaries from Tuesday. The two lenders declined to say by how much they were hiking their rates, but it is thought that C&G is raising its by between 0.5 per cent and 0.7 per cent, while Halifax is increasing its by between 0.3 per cent and 0.6 per cent. The move comes just days after Nationwide said it was increasing interest on all of its fixed rate mortgages by up to 0.86 per cent. Other lenders have since followed suit, including nationalised bank Northern Rock and the Chelsea Building Society, as well as a number of other smaller banks and building societies.