C&G hikes intermediary rates

The news comes despite a £50bn cash injection by the Bank of England, which was designed to keep mortgage rates down to help cash-strapped borrowers. C&G has raised rates on its 90% LTV range by as much as 60 basis points. For those customers with a deposit of 25% or more, rates have been increased by between one and six basis points. A spokesperson for C&G says the lender has made the move because it was the only lender in the market with rates below 6% and wanted to keep its pricing competitive. The firm is also facing high levels of demand as many lenders raise prices or suspend th...