Which lenders have increased rates?

There has been further evidence this week that mortgages have bottomed out and are now getting more expensive after eight months of tumbling interest rates.

The average two-year fixed-rate deal has climbed from 4.59 per cent to 4.74 per cent over the last two months, according to Moneyfacts.co.uk, the financial website. In the same period, the average five-year fix from 5.51 per cent to 5.64 per cent.

The pace of changes has quickened over the last fortnight as lenders reacted to a sharp increase in the cost of wholesale borrowing on moneymarkets. Here is a guide to which lenders have hit borrowers with a rate hike and the cheapest deals that are still available.

Nationwide Building Society

Rate increased by up to 0.86 percentage points

Example: A five-year fix up to 60 per cent loan-to-value has climbed from 4.78 per cent to 5.64 per cent.

Cheapest two-year fixed-rate up to 75 per cent loan-to-value: 4.28 per cent with a fee of £995

Cheapest five-year fixed-rate up to 75 per cent loan-to-value: 5.48 per cent with a £995

Cheltenham & Gloucester

Rate increased up to 0.7 percentage points

Example: A five-year deal up to 85 per cent loan-to-value has jumped from 6.49 per cent to 7.19 per cent

Cheapest three-year fixed-rate up to 75 per cent loan-to-value: 5.29 per cent with a £995 fee

Cheapest five-year fixed-rate up to 75 per cent loan-to-value: 5.99 per cent with a £995 fee

Halifax

Rate increased up to 0.6 percentage points

Example: A five-year deal up to 60 per cent loan-to-value has jumped from 5.09 per cent to 5.69 per cent

Cheapest two-year fixed-rate up to 75 per cent loan-to-value: 5.19 per cent with a £499 fee

Cheapest five-year fixed-rate up to 75 per cent loan-to-value: 5.89 per cent with a £499 fee

Birmingham Midshires (Buy-to-let deals)

Rate increased up to 0.6 percentage points

Example: A two-year buy-to-let fixed-rate deal up to 75 per cent loan-to-value from 5.4 per cent to 6 per cent

Cheapest two-year fixed-rate up to 75 per cent loan-to-value: 6 per cent with a 2.5 per cent fee

Cheapest five-year fixed-rate up to 75 per cent loan-to-value: 7 per cent with a 2.5 per cent fee

Abbey

Rate increased up to 0.5 percentage points

Example: A three-year fixed-rate deal up to 75 per cent loan-to-value from 4.39 per cent to 4.89 per cent

Cheapest two-year fixed-rate up to 75 per cent loan-to-value: 4.28 per cent with a £995 fee

Cheapest five-year fixed-rate up to 75 per cent loan-to-value: 5.29 per cent with a £995 fee

Alliance & Leicester

Rate increased up to 0.5 percentage points

Example: A three-year fixed-rate deal up to 75 per cent loan-to-value from 4.79 per cent to 5.29 per cent

Cheapest two-year fixed-rate up to 75 per cent loan-to-value: 4.28 per cent with a £995 fee

Cheapest five-year fixed-rate up to 75 per cent loan-to-value: 5.39 per cent with a £995 fee

Northern Rock

Rate increased up to 0.2 percentage points last week

Example: A five-year fixed-rate deal up to 65 per cent loan-to-value from 4.69 per cent to 4.89 per cent

Cheapest two-year fixed-rate up to 75 per cent loan-to-value: 3.99 per cent with a fee of £995

Cheapest five-year fixed-rate up to 75 per cent loan-to-value: 5.09 per cent with a £995 fee.

A number of smaller building societies, including Chelsea, Yorkshire and The Nottingham also increased interest rates across a range of deals in the last fortnight.

Best-buy deals

The cheapest five-year fixed-rate deal is currently available from the Post Office, with a rate of 4.45 per cent. It comes with a fee of £599 but is only available to borrowers with a 40 per cent deposit.

Borrowers with only a 10 per cent deposit can get a rate of 5.34 per cent - fixed for five years - from Britannia Building Society. It has a fee of £999.

Major lenders who hasn't hiked rates..yet

Barclays (Woolwich) - Woolwich withdrew all its fixed-rate deals yesterday and is expected to launch new pricier fixes soon

HSBC

Royal Bank of Scotland/NatWest