Commenting, Louise Cuming, head of mortgages at moneysupermarket.com, said: "There has been a flurry of activity in the mortgage market, but unfortunately mostly to the detriment of borrowers. Halifax raised its fixed rates yesterday, Nationwide and Chelsea Building Society have already increased many rates, the Principality Building Society increased its 10 year product from 5.19% to 5.39%, and Cheltenham & Gloucester and Abbey are both raising some mortgage rates today.
"However, there are still some ‘killer' deals about - borrowers with a large deposit who can act quickly can still lock in both fixed and tracker products at around 3%. The watchword here is speed, as the best deals will disappear quickly."
