Eight major UK lenders have raised mortgage rates across many home loans. Average fixed-rate deals are moving higher, 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, heaping more pressure 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 will see monthly repayments go up.

The latest rise follows a string of increases. Lenders are reacting to market pressures. The outlook for mortgage rates remains uncertain. Homeowners with expiring deals face steeper payments. New buyers are hit as well. Rising costs add to the strain on households.