UK fixed mortgage pricing has moved higher as major lenders reprice. Moneyfacts reported average two-year and five-year fixed rates of 5.67% and 5.72% respectively, while rate-market uncertainty has increased ahead of the Bank of England’s September decision. August mortgage searches fell 13% month-on-month, but remortgaging remained the market’s principal source of activity, with Twenty7tec reporting year-on-year growth.
For advisers, this reinforces the value of early engagement with clients approaching the end of low-rate fixes. AI can help segment customer books by expiry date, estimated payment shock, loan-to-value and likely affordability vulnerability, allowing teams to prioritise timely human conversations rather than simply automating communications. Any AI-generated comparison, customer prompt or recommendation should remain subject to adviser oversight, accurate live product data and a clear suitability process.