The average two-year fixed rate increased from 2.42 per cent to 2.51 per cent this week, says Moneyfacts.

The five-year fix moved up too, going from 2.67 per cent to 2.71 per cent.

However, the average three-year fix lost 10 basis points, falling from 2.90 per cent to 2.80 per cent, while the 10-year fix stayed at 2.85 per cent.

Two-year fix

It was a busy week at this fix. At 65 per cent LTV, the average rate shot up 37 basis points, moving from 2.01 per cent to 2.38 per cent.

And at 70 per cent, the average rage gained 18 basis points, going from 2.27 per cent to 2.45 per cent.

There were strong moves at higher LTVs, too – at 85 per cent LTV the average rate increase from 3.08 per cent to 3.16 per cent and, and 80 per cent LTV, from 2.67 per cent to 2.74 per cent.

Three-year fix

Here the larger moves went in the opposite direction. At 60 per cent LTV the average rate decreased from 2.76 per cent to 2.54 per cent and at 80 per cent LTV from 3.11 per cent to 2.97 per cent.

At 70 per cent LTV, the average rate fell from 3.45 per cent to 3.33 per cent.

Five-year fix

Within this fix the most significant rate move was at 65 per cent LTV. The average rate here gained 32 basis points, going from 2.08 per cent at the start of the week to 2.40 per cent at the end of it.

At 90 per cent LTV, meanwhile, the average rate moved up from 3.85 per cent to 3.94 per cent.

10-year fix

There was just one change here during the week – and a slight one at that. At 75 per cent LTV the average rate pushed up slightly from 2.73 per cent to 2.74 per cent.

Moneyfacts finance expert Eleanor Williams says: “Another week of varying changes across the sector as lenders continue to re-price and tweak their ranges.

“Some notable updates included rate changes from Skipton Building Society, which made increases of up to 0.43 per cent and reductions of up to 0.50 per cent across various deals and launched others at 80 per cent and 85 per cent LTV.

“Halifax and Lloyds focused their changes on the remortgage products in their respective ranges, with Halifax reducing a selection by up to 0.09 per cent or increasing by up to 0.17 per cent, while Lloyds put up selected products by up to 0.69 per cent or reduced by up to 0.05 per cent. Barclays made a variety of amendments to its products and also put selected rates up by up to 0.18 per cent.

“Continuing the positive trend of last week, there has also been further movement in the 90 per cent LTV sector, with TSB, Aldermore and Virgin Money amongst the lenders returning options for those with 10 per cent deposits.

“While updates are continuing to be made with such regularity, anyone hoping to secure a new mortgage deal would do well to secure the up to date market knowledge of a qualified adviser to assist in finding the best deal for their circumstances.”