Eight major UK lenders have increased mortgage rates for new borrowers. Average fixed-rate deals are climbing, offering no relief to 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, heaping more pressure on mortgage pricing. The Times and The Telegraph both reported 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 comes after several increases. Lenders are responding to market pressures. The outlook for mortgage rates stays uncertain. Homeowners with expiring deals see higher costs ahead. New buyers face the same pressure. Rising costs put households under more pressure.