Eight major UK lenders have raised mortgage rates on a range of products. Average fixed-rate deals are moving higher, leaving borrowers with no relief. 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 both reported the rises. Borrowers looking for new mortgage terms or renewals will face higher costs. Many households can expect monthly repayments go up.

The latest rise adds to a series of hikes. Lenders are responding to market pressures. The outlook for mortgage rates remains uncertain. Homeowners with expiring deals see higher costs ahead. New buyers face the same pressure. Rising costs increase the burden on families.