Eight major UK lenders have lifted mortgage rates for new borrowers. Average fixed-rate deals are moving higher, leaving borrowers with no relief. 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, heaping more pressure on mortgage pricing. The Times and The Telegraph each reported the rises. Borrowers looking for fresh deals 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 reacting to market pressures. The outlook for mortgage rates stays uncertain. Homeowners with expiring deals will pay more. New buyers are also affected. Rising costs increase the burden on families.