The average two-year 95% loan-to-value fixed-rate mortgage topped 6% for the first time since November, data from Rightmove shows. 

The rate at this term hit 6.02% today compared to 5.48% a year ago, says the property website. 

The figures follow TSB, HSBC, Barclays, NatWest, Co-op, Virgin Money, Accord and Leeds Building Society announcing rate increases this week. 

These rises come as lenders fear the Bank of England will push its first base rate cut into the second half of the year, as policymakers say they are wary of ‘sticky’ inflation. 

The average five-year fix is 4.89%, up from 4.45% a year ago, Rightmove points out, while the average two-year fix is 5.29%, up from 4.75% 12 months before. 

The average monthly mortgage payment on a typical first-time buyer two-bedroom property (priced at £227,110) on a five-year fix, on a 85% LTV mortgage, is now £1,108 per month, up from £1,054 per month a year ago.