The average three-year fix increased by 0.13 per cent this week, going from 2.77 per cent to 2.90 per cent, according to Moneyfacts.

Meanwhile, the average two-year fix shrank slightly, from 2.43 per cent to 2.42 per cent while the five-year fix moved up from 2.70 per cent to 2.72 per cent.

During these movements, the average 10-year fix remained at 2.84 per cent.

Two-year fix

The most significant change within this fix this week was at 95 per cent LTV, where the average rate fell from 4.74 per cent to 4.44 per cent.

At 90 per cent LTV, the rate moved in the other direction, increasing from 3.76 per cent to 3.88 per cent.

At 75 per cent LTV the average rate increased as well, from 2.24 per cent to 2.29 per cent.

However, small drops of up to 0.04 per cent were evident elsewhere, with the average rate at 85 per cent LTV moving from 3.12 per cent to 3.08 per cent and the rate at 60 per cent LTV changing from 1.80 per cent to 1.77 per cent.

Three-year fix

Here the biggest change was a 25 basis point increase at both 80 per cent LTV and 60 per cent LTV.

The former average rate grew from 2.85 per cent to 3.10 per cent and the latter from 2.51 per cent to 2.76 per cent.

At 70 per cent LTV the average rate moved upwards significantly, too – from 3.25 per cent to 3.45 per cent.

There was one rate fall, though: at 75 per cent LTV the average rate dropped from 2.50 per cent to 2.41 per cent.

Five-year fix

As with the two-year fix there was a big change in the average rate at 95 per cent LTV: this time it decreased from 4.21 per cent to 3.97 per cent.

There was a fall at 60 per cent LTV, too, with the rate going from 2.06 per cent to 2.03 per cent.

At 70 per cent LTV, the rate grew from 2.60 per cent to 2.68 per cent.

10-year fix

There was no change whatsoever within this fix this week.

Moneyfacts finance expert Eleanor Williams says: “This week has again seen a variety of amendments from providers as they continue to assess their product ranges. Lenders such as Lloyds Bank balanced selected fixed rate reductions of up to 0.13 per cent, with increases of up to 0.14 per cent.

“Similarly, Halifax updated various remortgage offerings with reductions of up to 0.27 per cent or increases of up to 0.28 per cent. Further notable rate changes were seen with Digital Mortgages by Atom Bank increasing selected deals by as much as 0.75 per cent, while Nationwide made reductions of up to 0.40 per cent.

“At the higher end of the LTV spectrum it remains especially fluid, with Accord launching new 90 per cent products which will only be available for a limited period.

“While the average shelf life of a mortgage deal is currently low, those looking to secure a new mortgage product may do well to seek independent, qualified advice in order to ensure that they are aware of the most up to date options and changes in the market, and to be supported in securing the best deal for their circumstances.”