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

The moves take place before 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 carried reports on the rises. Borrowers looking for new mortgage terms 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 responding to market pressures. The outlook for mortgage rates remains uncertain. Homeowners with expiring deals face steeper payments. New buyers face the same pressure. Rising costs increase the burden on families.