The average rate for a two-year fix moved upwards by 2 basis points, to 3.87%, and the average rate for a three-year fix increased by 3 basis points, to 4.17%.
Meanwhile, the average rate for a five-year fix ticked up by 1 basis point, hitting 4.01%, w.as the 10-year fix showed the most change this week, rising by 10 basis points, to 4.08%.
At 95% LTV, the average rate rose 6 basis points, ending the week at 4.13%.
Among further rises within this fix, limited to a maximum of 4 basis points, t. was a drop – at 70% LTV, the average rate fell 3 basis points, to 3.98%.
T. was far more action at this fix this week.
At 95% LTV, the average rate gained 20 basis points, which put the figure at 3.96%.
T. was also a significant rise at 85% LTV – an 11 basis point increase to 4.27%.
And at 90% LTV, the average rate gained 10 basis points, moving to 3.99%.
However, t. were plenty of rate drops, too. For instance, at 70% LTV, a 69 basis point fall saw the average rate crash down to 4.72%, and, at 65% LTV, a 12 basis point fall saw the average rate come to 5.49%.
Here, the 95% LTV average rate rose by 3 basis points, which took its price this Friday to 4.09%.
Opposing action too place at 70% LTV, with an 8 basis point fall seeing the average rate come to 4.18%.
The biggest change . this week occurred at 50% LTV, which was home to a 20 basis point rise, taking the average rate to 3.99%.
Meanwhile, the average rates at 85% LTV and 80% LTV rose 16 basis points each, to 3.93% and 3.79%, respectively.
Moneyfacts finance expert Eleanor Williams comments: “Possibly in advance of the next base rate decision anticipated in early August, we’re seeing a slightly more mixed approach to re-pricing in the latest lender updates. A couple of providers have bucked the recent upwards trend and have included rate reductions in their latest changes.
“This included Accord Mortgages, which cut up to 0.30% from selected fixed deals in its range as well as reducing selected discounted-variable rate products by up to 0.10% this week, while Bluestone Mortgages – which offers mortgages for varying levels of adverse credit – slashed up to 0.50% from some of its offerings. Chorley Building Society also tweaked a couple of its ‘Credit Renew’ deals, one of which was cut by a notable 0.60%.
“Barclays Mortgage balanced a mixture of rate reductions of up to 0.30% with increases of up to 0.32% across its fixed rates, and also introduced a couple of new deals to market.
“Also launching products were Cumberland Building Society, which also made a similar combination of rate cuts of up to 0.20% and rises of up to 0.25% across its fixed deals. first direct made selected fixed rate rises of up to 0.20% but reduced one of its five-year fixed rate products by 0.15%. Principality Building Society tweaked a couple of its fixed rates with one being cut by 0.03% and another increased by 0.04%, made rate rises of up to 0.25% on its discounted-variable products, and opened up a couple of its first-time buyer deals that were previously available in Wales only to now be offered in England.
“Elsew. however, rates have continued to climb. This week saw lenders such as Skipton Building Society put up selected fixed products by as much as 0.53% as well as withdrawing a swathe of products.
“Lloyds Bank made increases of up to 0.34% this week, Scottish Widows Bank of up to 0.33%, and Halifax applied rate rises of up to 0.32%. NatWest Int Sols made increases of up to 0.26% across selected deals, Virgin Money and Nationwide Building Society both put up fixed rate deals by 0.30%, while Loughborough Building Society increased various deals by as much as 0.74%.
“Increases to standard variable rates continue to be prevalent, this week coming from the NatWest group, and also from a few of the building societies such as Scottish Building Society, Leek United Building Society and Marsden Building Society – the latter also refreshing a couple of offerings in the ‘RIO’ and ‘older borrower’ arenas.”