Mortgage pricing is moving unevenly. NatWest, TSB, Santander, Clydesdale and Barclays have all featured in recent repricing activity, with some lenders increasing selected products while others cut rates. Moneyfacts reports that average two- and five-year fixed rates are close to 6%, while gilt and swap-rate volatility continues to influence lender funding costs.
For advisers, the priority is disciplined client communication: explain that an illustration is not a guarantee, monitor application deadlines and document the rationale for product recommendations. AI-enabled rate-monitoring and case-management tools can help flag expiring products, identify clients exposed to payment shocks and prompt timely reviews, but advisers must verify live lender criteria and retain oversight of every recommendation.