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Lender says...

Cheltenham & Gloucester has increased the rates on a number of its products.

A two-year tracker, which tracks at 0.79 per cent more than the base rate, is currently available at a rate of 5.29 per cent for an arrangement fee of £1995.

A rate of 5.39 per cent, tracking at 0.89 per cent more than the base rate, is also available for a fee of £995.

For borrowers who would prefer to pay a lesser fee a rate of 5.59 per cent, tracking at 1.09 per cent more than the base rate, is available for a fee of £495 and a rate of 5.89 per cent, tracking at 1.39 per cent more the base rate is available with no fee.

All products are available up to 75 per cent loan-to-value and have a maximum loan amount of £999,999.

These products are part of C&G's All Weather tracker range, which allows customers to take full advantage of any further base rate falls but also gives them the opportunity to lock into any C&G intermediary fixed rate deal at any point, without incurring an early repayment charge.

Adviser says...

Sarah Smith, mortgage associate for Birmingham-based IFA Money4dentists, said the tracker rates were quite attractive and thought the feature of being able to move across to a fixed rate was good.

She said: "In terms of rate 5.29 per cent is pretty good but the fee is quite high compared with what you have got out there. So unless you have got a really big mortgage you are looking at using the 5.39 per cent or the 5.59 per cent products."

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