Weekly Mortgage Roundup | Latest UK Mortgage Deals - Moneyfacts

Latest News About Average fixed-rate mortgage deals climb across major lenders

Eight major UK lenders have lifted mortgage rates on a range of products. Average fixed-rate deals are moving higher, offering no relief to borrowers. The increases extend across a wide range of home loan products.

The moves arrive before the Bank of England's next vote on interest rates. Inflation rose to 3.1 percent, adding further pressure to mortgage pricing. The Times and The Telegraph carried reports on the rises. Borrowers looking for new deals or renewals will face higher costs. Many households are set to see monthly repayments go up.

The latest rise follows a string of increases. Lenders are reacting to market pressures. The outlook for mortgage rates stays uncertain. Homeowners with expiring deals see higher costs ahead. New buyers face the same pressure. Rising costs put households under more pressure.

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