Average rates across all fixes aside from the at 10-year term moved up this week.

The average two-year fixed rate ticked upward from 2.05 per cent to 2.07 per cent, the average three-year fix from 2.34 per cent to 2.38 per cent, and the average five-year fixed rate from 2.31 per cent to 2.34 per cent.

The average 10-year fix was stubborn, staying at 2.59 per cent across the week.

Two-year fixes

It was generally quiet here when broken down by LTVs. The largest movement was at 85 per cent LTV, where the average rate moved up 0.09 per cent – from 2.23 per cent to 2.32 per cent.

The second-biggest change was at 65 per cent LTV, with rates moving down from 1.66 per cent to 1.62 per cent.

Elsewhere, changes of equated to movements of up to 0.02 per cent.

Three-year fixes

At 85 per cent LTV the average rate shot up from 2.35 per cent to 2.51 per cent. The next largest change was at 75 per cent LTV, where the average rate increased from 2.06 per cent to 2.09 per cent.

Five-year fixes

Here there was a 0.9 per cent increase at 85 per cent LTV – from 2.48 per cent to 2.57 per cent. At 90 per cent LTV, the average rate went up too – from 3.31 per cent to 3.36 per cent.

There was a rare decrease spotted at 60 per cent, where the average rage changed from 1.99 per cent to 1.98 per cent.

10-year fixes

The average rate within every LTV bracket did not move this week aside from a slight decrease at 75 per cent LTV – here the rate moved from 2.52 per cent to 2.53 per cent.

Moneyfacts finance expert Eleanor Williams says: “There have been a variety of amendments made across the ever-evolving residential mortgage sector this week, as providers continue to react with updates to both rates and also criteria – such as maximum advances where positive news came from Accord Mortgages who launched new products for those borrowing up to £2m.

“Continuing the theme of recent weeks, a number of providers have made rate increases to selected products, with many of these applying to the upper loan-to-value tiers and fuelling the incremental increases we are beginning to see in the average rates for some sectors of the market.

“At 85 per cent LTV in particular rates have been raised on selected products across a number of lenders ranges. Amongst other updates, TSB and Skipton Building Society both made increases of up to 0.25 per cent in this bracket, Halifax of up to 0.29 per cent, and Accord Mortgages of up to 0.30 per cent. Also, HSBC increased its 90 per cent LTV deals by up to 0.20 per cent.

“While the mortgage landscape remains changeable, the role of advisors in supporting borrowers to find the right product for their circumstances and navigating the ‘mortgage maze’ remains of great importance.”