Yorkshire Building Society has cut selected five-year fixed rates by up to 0.50% for borrowers with 5% deposits, while selected remortgage products have fallen by up to 0.29%. Halifax has also reduced selected two-, three- and five-year fixed rates by up to 0.10%, with Foundation also repricing parts of its range.
For advisers, the cuts need to be viewed against a softer backdrop: the Bank of England reported a sharp fall in mortgage demand in Q3, alongside lower availability of secured credit. AI-enabled sourcing and client-book monitoring can help firms rapidly identify borrowers approaching product maturity or who may benefit from a review, but recommendations must remain based on verified live pricing, fees, eligibility and the client’s circumstances.