I don't think there is much chance of further deterioration. The only mechanism I can think of is water ingress right through to the next bar, which I think is probably quite a long way back. Even if that occurs it still has to rust through which will take a long time. If you do a high quality repair water ingress will be prevented. I don't know the details of the M6 repairs but the usual problem is surface spalling exposing the bars closest to the surface, and the repairs they do are usually just a cover up to prevent further rusting and spalling.
If you decide to put in the helical bars they should be centred over the notch. It's not really my field but I would guess they need to be at least a metre long to be effective. Support the span, especially near the right hand end, while you put them in. I would put them in one at a time to reduce the amount of unsupported brick.
The relevant question is q4.1 on
https://www.rlo.law/wp-content/uploads/2019/08/pif.pdf Past experience leads me to conclude that "building works" means anything structural. If a seller refused to complete that part of the form I would simply walk away from the deal. You would find it difficult to sue you the previous owner because they would just say they were unaware that the bar had been cut. Similarly, if you do a cosmetic repair, you can claim that's all you did and didn't think there was a structural problem.
If you put in the bars and the buyer spots them then you have to explain why and it all starts to get complicated. If you don't get a structural engineer involved it might be difficult to explain away. If you just do the cover-up you haven't actually done anything structural (though the previous owner did). If I spotted that when buying a house it wouldn't even occur to me to think that a reinforcing bar had been cut. I repaired some spalled concrete on a flat I sold and the buyer's surveyor didn't even notice it.
If you want complete peace of mind, get a structural engineer in. If I was called in my gut instinct would be to say that it is safe as it is. But then professional caution would kick in and I would do some calculations and and maybe a survey to find the residual strength of the lintel. If that was insufficient including the safety factors then you'd see if helical bars would be sufficient. The calcs wouldn't be too expensive, say less than £500. If a survey was required to find out what there is further back then you'd talking about taking the plaster off part of the wall on the inside.
Do you have concrete floors? If so the problem is even smaller than I had assumed.