Both the average two- and three-year fixes gained 2 basis points this week, shows Moneyfacts data, each rising from 2.31% to 2.33%.

Meanwhile, the average five-year fix was static at 2.62% and the average 10-year fix dropped a single basis point to finish the week at 2.97%.

Two-year fixes

At 95% LTV, the average rate lost 1 basis point, moving to 3.12%, while at the other end of the spectrum, the average rate for a 60% LTV mortgage increased by 4 basis points, to 1.62%.

Three-year fixes

The most significant change here took place at 70% LTV, where the average rate rose from 2.21% to 2.25%.

And at 95% LTV, the average rate fell 3 basis points, ending the week at 3.18%.

Five-year fixes

As with the action within the two-year fixes, the most notable changes took place at the top and bottom LTV categories: At 95% LTV, the average rate lost 2 basis points, moving to 3.40% and, at 60% LTV, a 5 basis point gain saw the average rate flick up to 1.89%.

10-year fixes

There were three changes here this week. At 85% LTV and 80% LTV, the average rates lost 1 basis point apiece, which left the rates at 3.53% and 2.87% respectively, and at 75% LTV, the average rate lost 3 basis points, taking it to 2.65%.

Moneyfacts finance expert Eleanor Williams says: “Another busy week for updates in the residential mortgage sector. We saw rate rises from a number of providers including Lloyds Bank where selected deals for remortgage borrowers at 60% and 75% LTV were increased by up to 0.35% and Nationwide Building Society, which put up some five-year fixed rates by up to 0.20%.

“Scottish Building Society applied increases of up to 0.42% while also refreshing parts of its range, and Furness Building Society tweaked rates on a couple of its products, putting them up by up to 0.30%.

“From the NatWest group we saw a combination of rate changes with some fixed rate deals increasing by up to 0.16%, while other deals received reductions of up to 0.17%. Similarly, Accord Mortgages also balanced rate increases of up to 0.29%, with decreases of up to 0.14% on some fixed rates.

“Some positive news for first-time buyers (FTBs) came from Saffron Building Society, which cut rates on deals for these borrowers by as much as 1% and also added further options in this sector.

“Yorkshire Building Society also introduced new FTB deals as well as reducing other deals by up to 0.20%. Elsewhere in the market, this week also saw Kensington Mortgages add ‘Flexi Fixed for Term’ longer-term fixed rates for up to 40-years across various LTVs.”