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 raised mortgage rates across many home loans. Average fixed-rate deals keep rising, with no respite for borrowers. The increases cover a wide range of home loan products.

The moves take place before the Bank of England's next vote on interest rates. Inflation rose to 3.1 percent, putting extra strain on 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 will see monthly repayments go up.

The latest rise comes after several increases. Lenders are pricing in market pressures. The outlook for mortgage rates remains uncertain. Homeowners with expiring deals will pay more. New buyers are also affected. Rising costs increase the burden on families.

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