Halifax and BM Solutions will increase prices on all fixed rates tomorrow by an unspecified amount, while Nationwide will increase some rates by up to 30 basis points.
Gen H will also increase rates tomorrow by up to 30 basis points, on top of previous price hikes it made on Friday.
Halifax and BM also raised rates on Friday.
Coventry, that is at the moment do not offer offers for new customershas given brokers an extra day to tap into current existing credit agreements before raising prices on Wednesday, after previously saying it would do so tomorrow.
The construction company has yet to reveal when new customer products will return.
Fleet is withdrawing all its fixed interest rates this afternoon at 5 p.m., citing “extreme market volatility” and did not say when they will relaunch.
John Charcol, mortgage technical manager Nicholas Mendes says a wait-and-see approach is a risky strategy that borrowers should avoid.
He says: “A sharp repricing of expectations for further bank rate increases has already pushed swap rates higher, which is now feeding directly into mortgage prices.
“The latest SONIA swap rates clearly show this movement, with two-year cash at 4.483%, three-year at 4.420% and five-year at 4.346%.
“That matters for mortgages because lenders discount fixed interest rates from future financing costs, not just where bank rates are today.”
He adds: “For borrowers, the message is not to sit back and hope.
“Anyone buying should consult an agent early, as lenders can move quickly and the best options don’t always last long.
“For those considering a new mortgage, it is even more important. In most cases, a new rate can be locked in three to six months before the end of an existing deal.
“If the interest rate improves before closing, there is often room to switch to something lower. This way you save a considerable amount over the term of the mortgage.”