The average two-year fix moved from 2.07 per cent to 2.10 per cent across all LTVs this week, according to new data from Moneyfacts.

During the same time frame, the average three-year fix remained at 2.38 per cent, the average five-year fix moved up slightly, from 2.34 per cent to 2.35 per cent, and the average 10-year fix stayed at 2.59 per cent.

Two-year fixes

Big movement was recorded at the 95 per cent LTV bracket, where the average rate rose from 4.25 per cent to 4.36 per cent.

At 85 per cent LTV, meanwhile, the average rate moved from 2.32 per cent to 2.37 per cent.

The same basis point change was also spotted at 80 per cent LTV, with the rate growing form 2.22 per cent to 2.27 per cent.

Elsewhere rates moved by up to 0.03 per cent.

Three-year fixes

Despite a static overall average rate, at 90 per cent LTV the rate jumped from 3.26 per cent to 3.39 per cent.

A smaller but still significant jump occurred at 75 per cent LTV, from 2.09 per cent to 2.16 per cent. Changes were minimal otherwise.

Five-year fixes

The five-year fix category was unusual in not only housing one of the few rate drops witnessed this week, but at high-LTV points at that.

At 95 per cent LTV the average rate shed 5 basis points, taking it from 3.80 per cent to 3.85 per cent, and at 90 per cent LTV, a larger move of 11 basis points was seen. Here, the average rate fell from 3.36 per cent to 3.25 per cent.

The next most significant change was at 80 per cent LTV, with the rate moving up from 2.47 per cent to 2.53 per cent.

10-year fixes

There was no movement whatsoever here this week, Moneyfacts data shows.

Moneyfacts financial expert Eleanor Williams says: “As average rates are continuing to move incrementally upwards, continuing the trend of the last few weeks, many of the updates and changes we have seen across the residential mortgage sector over this last week have included rate increases. These have come from providers such as Nationwide Building Society, which increased various product rates across its range by up to 0.65 per cent. Virgin Money and Halifax have both made increases of up to 0.25 per cent across selected deals, and Santander has tweaked the pricing on an assortment of its products by up to 0.20 per cent.

“As providers continue to react to both borrower demand and operational pressures, we have also seen further ebb and flow in product availability. Amongst other changes, both Platform and Nationwide Building Society have withdrawn their three-year fixed rate deals and Halifax has pulled various products, including a couple of rates specifically for new build properties. Some positive news from a couple of the building societies, where this week has seen Leeds BS, Vernon BS and Yorkshire BS all launch products in the 85 per cent LTV bracket.

“It seems that the historic low rates of July were potentially be a thing of the past. However, the pace and number of changes seen across providers ranges remains high. Those considering a new mortgage deal may wish to move quickly to secure a competitive deal now.”