Eight major UK lenders have raised mortgage rates for new borrowers. Average fixed-rate deals are climbing, offering no relief to borrowers. 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, putting extra strain on mortgage pricing. The Times and The Telegraph both reported the rises. Borrowers looking for fresh deals 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 reacting to market pressures. The outlook for mortgage rates is still uncertain. Homeowners with expiring deals see higher costs ahead. New buyers are hit as well. Rising costs put households under more pressure.