Tesco Bank has increased rates on its fee-free five-year fixed rate purchase and remortgage products.
The changes affected deals between 60% and 80% loan-to-value (LTV).
The lender highlighted six products in its communication to brokers with the biggest increase being of 0.13% to an 80% LTV purchase deal, taking it to 2.24%.
Other products increased by between 0.03% and 0.07%.
All the deals allow overpayment of up to 20% of the outstanding balance each year, during the initial fixed or tracker period, with no early repayment charge.
It is the latest lender to increase rates this month, with Barclays and NatWest among those doing so to reflect rising swap rates.
The Tesco Bank changes were made yesterday, prior to economic data from the Office for National Statistics being published today.
This data has pushed the expectation of a further Bank of England Base rate rise in May to 85%.
Owain Thomas is Features and Contributing Editor at Mortgage Solutions. He has previously covered the protection and mortgage industry, more recently he edited Workplace Savings and Benefits, and HRD Connect.
Owain won the Financial Healthcare Journalist of the Year (B2B) at the Headline Money Awards in 2014 and 2016. He also won the Protection Review's Journalist of the Year award in 2012.