Rate Repricing Demands Faster Advice

Mortgage pricing is moving quickly. Barclays has raised selected fixed rates for a second time in a week, with some products up by a cumulative 40 basis points, while Halifax has increased selected homemover, first-time buyer and remortgage fixes. Reports of elevated gilt yields and lenders withdrawing lower-priced products underline that sourcing results can become stale rapidly.

For advisers, AI-enabled rate-monitoring and case-prioritisation tools could help identify clients with expiring offers, products nearing withdrawal and affordability margins exposed to rate changes. Any automated client prompt should be checked by an adviser, explain that rates can change or products be withdrawn, and avoid presenting generic rate predictions as personalised advice.

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Four inspectors, four thousand mills

In 1833 Parliament appointed Britain’s first factory inspectors. There were four of them, and between them they were supposed to police conditions in around 4,000 mills. Unsurprisingly, the law they were enforcing was widely evaded. Those four men still mattered more than most of the legislation that came before them. Parliament had already passed laws […]

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