Eight major UK lenders have lifted mortgage rates for new borrowers. Average fixed-rate deals keep rising, leaving borrowers with no relief. The increases affect 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, putting extra strain on mortgage pricing. The Times and The Telegraph each reported the rises. Borrowers looking for new deals or renewals will face higher costs. Many households are set to see monthly repayments go up.

The latest rise adds to a series of hikes. Lenders are pricing in 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.