Mortgage pricing is becoming increasingly uneven. Moneyfacts reports average two- and five-year fixed rates near 6%, while lenders including NatWest, TSB, Barclays, Nationwide and Clydesdale have revised ranges upward or withdrawn lower-priced products. Santander’s cuts, despite elevated gilt yields, underline that repricing is not uniform across the market.
Adviser focus: clients with live applications, expiring offers or impending product transfers need prompt contact and clear evidence of the options considered. AI-driven rate-monitoring and CRM workflows can help flag time-sensitive cases, but advisers should retain oversight of product suitability, fees, early repayment charges and affordability rather than relying on automated recommendations.