Since April 2009 the Bank of England has kept base rate on hold at 0.50%, but since that time a number of mortgage providers have increased their standard variable rate (SVR), Moneyfacts.co.uk has claimed.

It has named the lenders as the Ipswich, Scottish, Cambridge, Mansfield and Marsden building societies, as well as Accord Mortgages.

The Nationwide and Skipton building societies have not changed their SVRs but have introduced rate ‘floors’ to some of their products.

Darren Cook, spokesperson for Moneyfacts.co.uk said: “Many borrowers have reverted to rates as low as 2.50%