Mortgage pricing is moving higher again, with Nationwide for Intermediaries increasing selected fixed and tracker rates by up to 21 basis points and Principality raising product-transfer rates by up to 25bps. Other lenders, including Barclays, TSB, Virgin Money, Foundation and Kensington, have also repriced, while sub-5% deals are reportedly becoming harder to find.
For advisers, this reinforces the value of prompt review conversations for borrowers approaching the end of a deal. Slower activity adds context: HMRC recorded 95,220 seasonally adjusted residential transactions in August, down 1% month on month and 2% year on year, while Zoopla reported annual house-price growth of just 0.8%. AI-driven monitoring can help firms flag expiring products, model payment shocks and prioritise client outreach, but recommendations and suitability decisions must remain subject to adviser oversight.