Daily UK mortgage market news and rate updates for advisers.
Mortgage AI is a resource for UK mortgage and protection professionals.
Headlines link to the original publisher. Last updated 22 October 2026.
Twenty7tec has partnered with PlannerPal so mortgage advisers can open the AI meeting tool from inside Twenty7tec's ADVICE CRM. Advisers can record client meetings in person or online, turn them into notes, letters and reports in their firm's own templates, and save the documents back to the adviser, client or enquiry record.
Halifax's new Loyalty Club range makes the Club Lloyds mortgage discount available through Halifax Intermediaries from 22 October, for first-time buyer and home mover purchases. At least one applicant needs a qualifying Club Lloyds current account, there is no minimum income, and the range does not cover remortgages, further advances or product transfers.
UK Finance figures show 58,051 new buy-to-let loans worth £10.7bn in the second quarter of 2026, up 25% in value on a year earlier. The average rate on new buy-to-let loans was 4.82%, and Paragon Bank says remortgaging made up about three quarters of completed buy-to-let loans in the period.
Provisional ONS figures put the average UK house price at £273,000 in August 2026, up 0.9% on a year earlier and down from 1.2% growth in July. London prices fell 2.2% over the year, led by flats, while Wales and Scotland grew faster than England.
Ahead of the 28 October Budget, the mortgage industry is asking for stamp duty reform and more detail on the planned Your First Home scheme, which would let first-time buyers borrow up to 95% loan to value with a 2.5% deposit. Commentators also want clarity on the proposed First Time Buyer ISA and warn that a Budget that unsettles markets could push up mortgage pricing.
FCA deputy chief executive Sarah Pritchard says the regulator will soon publish updated simplified advice rules with case studies developed with the Financial Ombudsman Service. She said more than a dozen firms are already authorised to give targeted support, and that the FCA uses AI to work through large data sets and spot risks sooner.
As at 22 October 2026
| Measure | Rate |
|---|---|
| Bank of England Bank RateNext decision 5 November 2026 | 3.75%Bank of England22 October 2026 |
| Average 2-year fixedMoneyfacts page last updated 22 October 2026, 09:10 BST | 5.97%Moneyfacts22 October 2026 |
| Average 5-year fixedMoneyfacts page last updated 22 October 2026, 09:10 BST | 6.01%Moneyfacts22 October 2026 |
Average rates shown for information only. They are not an offer.
Rates correct at the time of publishing and can change at any time. Always check the lender's own site.
Rates
As at 22 October 2026, from lender rate pages.
| LTV | Lowest 2-year fix | Lowest 5-year fix | Lowest tracker |
|---|---|---|---|
| 95% | 5.70%HalifaxNo change | 5.64%NationwideNo change | 4.89%NationwideBank Rate +1.14%, 2-year |
| 90% | 5.33%HSBCNo change | 5.13%BarclaysNo change | 4.55%HalifaxBank Rate +0.80%, 2-year |
| 85% | 5.16%HSBCNo change | 5.13%BarclaysNo change | 4.25%HalifaxBank Rate +0.50%, 2-year |
| 80% | 5.15%HalifaxNo change | 5.13%BarclaysNo change | 4.14%HalifaxBank Rate +0.39%, 2-year |
| 75% | 5.03%HSBCNo change | 5.06%SantanderNo change | 4.14%HalifaxBank Rate +0.39%, 2-year |
| 70% | 5.03%HSBCNo change | 5.06%SantanderNo change | 4.14%HalifaxBank Rate +0.39%, 2-year |
| 65% | 5.03%HSBCNo change | 5.06%SantanderNo change | 4.14%HalifaxBank Rate +0.39%, 2-year |
| 60% | 4.93%HSBCNo change | 4.91%SantanderNo change | 3.99%HalifaxBank Rate +0.24%, 2-year |
Trackers follow Bank Rate (3.75% on 22 October 2026), so the rate changes when Bank Rate changes. Tracker figures as at 22 October 2026.
Lowest purchase rates from nine major lenders. The five-year fix can be from a different lender than the two-year fix in the same band.
Rates correct at the time of publishing and can change at any time. Always check the lender's own site.
Mortgage AI is for mortgage and protection professionals.