Moneyfacts reports that the proportion of remortgage borrowers considering a variable or tracker rate rose from 14% in July to 21% in September. This comes as lenders reprice fixed mortgages upwards, making the trade-off between payment certainty and possible future rate movements more prominent in client conversations.
AI can support advisers by modelling repayment scenarios across assumed rate paths, summarising product features and identifying clients whose fixed deal ends soon. The output should be framed as scenario analysis rather than a forecast: borrowers need to understand payment-shock capacity, fees, early-repayment charges and the risk that variable rates may rise as well as fall. A documented adviser discussion remains essential.