The Bank of England held Bank Rate at 3.75% in September, with the Monetary Policy Committee voting 6-3 to maintain the rate. However, the decision offers limited reassurance for borrowers: inflation reached 3.1% in August, market expectations have shifted and lenders are continuing to reprice fixed products in response to swap-rate and funding conditions.

Fleet Mortgages has increased fixed product-transfer rates, Vida Homeloans is withdrawing its new-business and transfer range, and Foundation, Aldermore and The Mortgage Works are making buy-to-let pricing and range changes. Advisers should distinguish clearly between Bank Rate and the wholesale-market pricing that drives much fixed-rate mortgage pricing.

AI-driven client review tools could help firms identify borrowers approaching expiry dates, model repayment shocks across product options and prioritise proactive contact. Any automated communication should be checked carefully so that rate forecasts are not presented as certainty and recommendations remain suitably personalised.

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