Eight major UK lenders have lifted mortgage rates for new borrowers. Average fixed-rate deals are moving higher, with no respite for borrowers. The increases cover 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, adding further pressure to mortgage pricing. The Times and The Telegraph each 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 stays uncertain. Homeowners with expiring deals will pay more. New buyers are hit as well. Rising costs put households under more pressure.