Two million to be hit by fixed-rate rises by Finance News Bulletin

Published: 13/09/07

Mortgage lenders have dramatically increased the price of fixed-rate deals in spite of interest rates being kept on hold, research has foundThis is cash has been named Financial Website of the Year in recognition of its agitation coverage >> ReadSince the start of June nine mortgage providers have either shelved selected set deals or scrapped their entire varietyA further 30 banks and structure societies have increased their rates by up to 0

7%, according to data analyst MoneyfactscoukOf those upping tax on their best deals, NatWest is the biggest criminal, putting rates on fixed mortgages up by as much as 0

7%It had a 609% two-year fasten last month, replaced with one at 679%

The difference is £56 a month on a £130,000 mortgage or £1,344 over the two-year periodFirst Active, part of the Royal Bank of Scotland, greater than before its two-year fixed-rate deal by 049% from 565% to 6

14% this weekBirmingham Midshires, part of Halifax, increased rates by 035% to 674% on its joint mortgage and personal loan

The rises approach despite the Bank of England base speed remaining at 55% and experts are warning that some households could find their money becoming stretchedSome 820,000 borrowers will approach off cheap two-year fixed rates as near to the ground as 429% between August and December and two million in the next 18 months, according to the Council of Mortgage Lenders

Lisa Taylor, from Moneyfacts, supposed: 'Anyone coming to the end of a fixed-rate deal will be in for a spiteful shock when they see the increase in their monthly repayments'Select a loan word 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years)Please select a type of insurance existence insurance Home and contents Car Breakdown services Health - checkup Health - dental Travel favorite - dog favorite - cat GOThinking about investing in property This is cash has the

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