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 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 mortgage terms or renewals will face higher costs. Many households will see monthly repayments go up.

The latest rise comes after several increases. Lenders are responding to market pressures. The outlook for mortgage rates is still uncertain. Homeowners with expiring deals see higher costs ahead. New buyers are also affected. Rising costs increase the burden on families.