Mortgage pricing is coming under renewed pressure as swap rates rise. HSBC UK and Molo are preparing rate increases, while Virgin Money has also repriced selected residential products. Moneyfacts reported the average two-year fixed rate edging up to 5.60% and the average five-year fix to 5.64%; separate market reporting points to gilt-market volatility adding to the pressure.
For advisers, this reinforces the value of proactive refinance and product-expiry outreach, particularly where affordability is tight. AI can help prioritise client review lists by combining product-end dates, loan-to-value changes and estimated payment shocks, but rate forecasts and product recommendations must remain subject to adviser oversight, verified sourcing and suitability processes.