Eight major UK lenders have increased mortgage rates for new borrowers. Average fixed-rate deals are moving higher, leaving borrowers with no relief. The increases affect a wide range of home loan products.

The moves come ahead of the Bank of England's next vote on interest rates. Inflation rose to 3.1 percent, heaping more pressure on mortgage pricing. The Times and The Telegraph both reported the rises. Borrowers looking for fresh deals or renewals will face higher costs. Many households will see monthly repayments go up.

The latest rise adds to a series of hikes. Lenders are reacting to market pressures. The outlook for mortgage rates is still uncertain. Homeowners with expiring deals face steeper payments. New buyers face the same pressure. Rising costs increase the burden on families.