Mortgage pricing is becoming increasingly uneven. Generation Home is raising selected three- and five-year fixed rates by up to 15 basis points as swap costs rise, while Yorkshire Building Society has cut selected rates by up to 0.50%. Moneyfacts also reported that the average two-year fixed rate edged up to 5.97%, despite cuts from some major lenders.
For advisers, this reinforces the need to distinguish headline rate cuts from the wider direction of funding costs and product availability. AI-driven sourcing and client-monitoring tools could help flag expiring products, compare repricing quickly and prioritise clients exposed to payment shocks. However, recommendations still need human assessment of fees, incentives, portability, affordability and the client’s appetite for certainty.