Nationwide and Alliance and Leicester, two of the biggest UK mortgage providers have increased their rates on the tracker and fixed rate mortgage deals they offer.
The news comes as no surprise as many mortgage providers look to maximise their profits at a time where less and less people are taking out loans.
Matthew Carter from Nationwide commented, "As a building society we always aim to offer our members the best possible deals. Following the cuts to base rate over recent months we have passed on the full decreases to our tracker rate and base mortgage rate borrowers."