What Mortgage magazine - Mortgage rates today: Lenders hike prices

The price hikes come just days before the Bank of England is due to make its next interest rate decision and just after Barclays announced some mortgage rate rises.

Nationwide yesterday raised selected fixed rates by up to 0.19% and Virgin has said it would be hiking rates by up to 0.14%.

Aaron Strutt of broker Trinity Financial, said: “These Nationwide rate hikes are probably the biggest we have seen for a while but the building society has been topping the best buy tables with some really cheap deals so no doubt it has been pretty busy.

He added: “There is still time for applicants to get their mortgages agreed with Nationwide and secure these rates, but they will need to be quick.

“When borrowers apply directly for a mortgage they do not tend to be notified if rates are going up which means they get a bit of a shock if they hold off applying.”

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The information contained within was correct at the time of publication but is subject to change.

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