Average fixed mortgage pricing continued to move higher, with Moneyfacts reporting a typical two-year fix at 5.92%, up from 5.84% a week earlier and at its highest level for more than two years. Lenders including Halifax, Barclays and HSBC were also reported to have repriced, although Skipton Building Society cut rates across its fixed range and expanded its Delayed Start Mortgage proposition. The Bank Rate remains at 3.75%, while inflation concerns continue to shape expectations for future Monetary Policy Committee decisions.
For advisers, this is a market where product availability and pricing can change rapidly. AI-enabled monitoring tools could help flag relevant rate changes, identify clients nearing a refinance window and prepare clearer comparisons between fixing, tracking and staying with an existing lender. However, automated alerts should support—not replace—an adviser’s assessment of fees, early repayment charges, affordability and the client’s objectives.