The average rate for a two-year fix stayed at 2.41 per cent this week, halting multiple weeks’ of growth.

Meanwhile, the average three-year fix jumped from 2.74 per cent to 2.81 per cent, the average five-year fix nudged up from 2.65 per cent to 2.66 per cent, and the average 10-year fix increased from 2.75 per cent to 2.79 per cent.

Two-year fixes

The biggest mover within this LTV bracket was at 65 per cent LTV, where the average rate dropped from 2.01 per cent to 1.96 per cent.

The second most significant change lay in the other direction – at 90 per cent LTV, the average rate rose from 3.72 per cent to 3.76 per cent.

The average rate dropped elsewhere within this LTV category, too – at 75 per cent LTV by 2 basis points and at 70 per cent LTV by 1 basis point, leaving the average rates at 2.21 per cent and 2.25 per cent, respectively.

Three-year fixes

There was stronger activity within this fix. At 75 per cent LTV the average rate jumped from 2.38 per cent to 2.53 per cent and, at 60 per cent LTV, from 2.38 per cent to 2.48 per cent.

At 85 per cent LTV, the rate grew too – from 2.92 per cent to 2.99 per cent.

However, there was movement in the other direction – at 65 per cent LTV, the average rate fell from 1.96 to 1.93 per cent.

Five-year fixes

It was a very subdued week at this fix. The largest movement was spotted at 80 per cent LTV, where the average rate moved from 2.90 per cent to 2.92 per cent.

Elsewhere, rates either stayed still or moved by 0.01 per cent, both up and down.

10-year fixes

There were only two average rate changes here this week. At 75 per cent LTV the average rate rose from 2.66 per cent to 2.70 per cent and, at 60 per cent LTV, from 2.41 per cent to 2.44 per cent.

Moneyfacts finance expert Eleanor Williams comments: “Mortgage product availability remained more stable this week, with selected withdrawals in the market balanced with some lenders launching new deals. Providers such as Santander, Skipton Building Society and Newcastle Building Society were amongst those who released deals and these providers included products available up to a maximum of 85 per cent LTV.

“Further rate increases have been made by a number of providers, including Digital Mortgages by Atom Bank, which increased selected rates by up to 0.75 per cent, Progressive Building Society by up to 0.40 per cent, Virgin Money, which put selected products up by up to 0.25 per cent, and Barclays Mortgage, with rate rises of up to 0.26 per cent.