The average rates at fixes across all LTVs increased this week, shows data from Moneyfacts.

The average two-year fix moved from 2.13 per cent to 2.20 per cent and the average three-year fix from 2.43 per cent to 2.44 per cent.

At the same time, the average five-year fix increased from 2.39 per cent to 2.44 per cent, and the average 10-year fix from 2.59 per cent to 2.65 per cent.

Two-year fixes

There were a number of significant rates changes within this grouping.

At the higher-LTV end, the average rate at 95 per cent LTV rose from 4.36 per cent to 4.49 per cent and, at 90 per cent LTV, from 3.08 per cent to 3.22 per cent.

At 85 per cent LTV, too, there was another big move upward – from an average rate of 2.43 per cent to 2.55 per cent.

At all other LTVs, rates jumped by up to 6 basis points.

Three-year fixes

This is one of the rare areas where rate drops were witnessed, but they were not enough to push the overall average rate down.

The biggest change happened at 90 per cent LTV, where a 0.13 per cent drop saw the average rate move from 3.39 per cent to 3.26 per cent.

The average rate at 85 per cent LTV fell too, from 2.51 per cent to 2.44 per cent.

At 75 per cent LTV the average rate moved in the opposite direction, from 2.19 per cent to 2.21 per cent and did so too at 65 per cent LTV, from 1.77 per cent to 1.79 per cent.

Five-year fixes

Here, the biggest rate movement was spotted at 90 per cent LTV, where it increased from 3.31 per cent to 3.42 per cent.

At 95 per cent LTV a 6-basis point increase saw the rate go up to 3.86 per cent and the same was true at 80 per cent LTV too, where the average rate finished the week at 2.61 per cent.

At 50 per cent LTV, meanwhile, the average rate tumbled from 3.12 per cent to 3.01 per cent.

10-year fixes

There was only one change here this week but it was the biggest of them all – at 85 per cent LTV the average rate shot up from 2.84 per cent to 3.21 per cent.

Moneyfacts finance expert Eleanor Williams says: “As product availability remains a key issue for borrowers, average mortgage rates have continued their upward trajectory this week.

“A number of lenders have made product withdrawals from their ranges this week, including TSB, which pulled selected fixed rate products across various LTV brackets as well as amending selected rates and launching a new 85 per cent LTV deal.

“A number of the building societies have also tweaked their ranges, with various changes, including product withdrawals coming from Principality, Monmouthshire, Scottish and Skipton. Platform made a variety of changes alongside its withdrawals, which included selected rate increases of up to 0.65 per cent, and new product launches in the 85 per cent and 90 per cent LTV sector, too.

“Accord Mortgages were among the lenders increasing selected rates this week, with some product rates going up by up to 0.32 per cent. Others included Chelsea BS and Yorkshire BS, which made increases of up to 0.30 per cent, and NatWest, which put selected deals up by up to 0.20 per cent.

“Those hoping to secure a new mortgage deal may want to consider moving swiftly, as there is no guarantee rates will not continue to increase, and with customer demand remaining high, balanced against an operationally stretched sector, mortgage applications may take longer to process through to offer.”