This week, average rates rose across all two-, three-, five-, and 10-year fixes, shows data from Moneyfacts.

The average rate for a two-year fix rose from 2.36 per cent to 2.38 per cent, the average rate for a three-year fix from 2.64 per cent to 2.65 per cent, for a five-year fix from 2.62 per cent to 2.63 per cent, and for a 10-year fix, from 2.70 per cent to 2.76 per cent.

Two-year fixes

At 90 per cent LTV the average rate grew by 11 basis points – going from 3.53 per cent to 3.64 per cent. This was the most significant change at this bracket, with the next biggest change occurring at 85 per cent LTV.

Here, the average rate gained 6 basis points, moving from 2.88 per cent to 2.94 per cent.

Rate increases of up to 0.04 per cent occurred elsewhere.

Three-year fixes

It was extremely quiet within the three-year fixes this week.

There was only one change – and that a rise of a paltry 0.01 per cent. At 75 per cent LTC the average rate rose from 2.41 per cent to 2.42 per cent.

Five-year fixes

At 90 per cent LTV the average rate increased from 3.81 per cent to 3.89 per cent.

The biggest change, however, was seen all the way down at 50 per cent LTV. Here, the average rate gained 23 basis points, rising from 2.79 per cent to 3.02 per cent.

The average rate moved by up to 0.04 per cent elsewhere.

10-year fixes

There were only two changes within this group – and both fairly significant.

At 75 per cent LTV the average rate gained 0.10 per cent. It moved from 2.56 per cent to 2.66 per cent.

Meanwhile, at 50 per cent LTV, the largest rise this week occurred – the average rate rose from 3.39 per cent to 3.82 per cent – a gain of 43 basis points.

Moneyfacts finance expert Eleanor Williams says: “Choice of mortgage deals for would-be mortgage borrowers took a further hit this week, with a number of providers such as Barclays and Leeds Building Society making selected product withdrawals.

“First direct has withdrawn its 85 per cent LTV products from sale to new business, and Clydesdale and Yorkshire Bank have also temporarily withdrawn a swathe of their deals in order to manage their service levels. Bucking the trend, however, was Reliance Bank, which relaunched its range, with products available up to a maximum of 75 per cent LTV.

“More rate increases were evident, with providers such as Nationwide and Santander who both made increases on selected deals of up to 0.15 per cent, HSBC applied rate rises of up to 0.30 per cent on 85 per cent LTV products, while Cumberland Building Society put selected fixed rate deals up by up to 0.60 per cent.

“Demonstrating quite how quickly those first-time buyers with a 10 per cent deposit need to act to secure a deal in this current climate, TSB launched two ‘limited edition’ fixed rate deals at 90 per cent LTV, which were available for one day only earlier this week.”