Weekly Mortgage Roundup | Latest UK Mortgage Deals - Moneyfacts

Latest News About Eight major lenders hike mortgage rates for UK borrowers

Eight major UK lenders have raised mortgage rates on a range of products. Average fixed-rate deals are moving higher, offering no relief to borrowers. The increases cover 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 fresh deals or renewals will face higher costs. Many households are set to see monthly repayments go up.

The latest rise comes after several increases. Lenders are responding to market pressures. The outlook for mortgage rates remains uncertain. Homeowners with expiring deals will pay more. New buyers face the same pressure. Rising costs add to the strain on households.

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