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 climbing, with no respite for 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 new deals or renewals will face higher costs. Many households can expect monthly repayments go up.

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

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