It has been another week of rate increases and product withdrawals, the latest Moneyfacts rate watch shows.

For two-year fixed all LTVs, the average rate increased from 6.39% on 30 June to 6.54% on 7 July.

Two-year fixed 95% LTV has risen from 6.8% to 6.88%, while a two-year fixed 90% LTV has risen from 6.39% to 6.55%.

The biggest jump was the average rate of two-year fixed 85% LTV, which rose from 6.46% to 6.65%.

Meanwhile, the average rate for a two-year fix at 75% LTV has risen from 6.29% to 6.43%.

A three-year fix at 85% LTV went up by 0.19%, from 6.37% to 6.56%.

For a five-year fixed 90% LTV the average rate has increased from 5.81% to 5.92% while a five-year fix at 80% LTV the rate has increased from 6.04% to 6.15%.

This week, The Co-operative Bank re-launched its rates, which included a competitive three-year fixed deal priced at 5.67%.

Several lenders increased selected fixed rates including Halifax by up to 0.63% and Lloyds Bank by up to 0.84%.

Moneyfacts finance expert Rachel Springall says: “Lenders made various rate rises across the mortgage market this week, but there were also deals withdrawn.

“Two weeks on since the Bank of England increased base rate by 0.50%, a few more lenders have been passing on base rate rises to their standard variable rates this week.

“The outlook for mortgage rates appears to be leaning to more rate rises, particularly as swap rates remain volatile.

“Rising rates may well worry borrowers who are coming off fixed rate deals, such as those who locked into a rate below 3% two years ago.”

She says it may be wise for homeowners who have some time left on their low rate fixed mortgage to consider increasing their repayments to reduce the term of their deal.