Strong month-on-month rise but BTL sees YOY challenges
Mortgage search activity increased across most major lending categories in June, with month-on-month and year-on-year volumes rising, according to the latest Mortgage Market Snapshot from Twenty7tec.
Total mortgage searches rose 7% compared with May and 2% higher year-on-year to 1,774,749. It’s the first time in six months that both month-on-month and year-on-year growth has taken place.
Residential searches rose 11% month-on-month and 3% year-on-year to 1,499,462. Residential purchase searches rose 8% month-on-month and 5% year-on-year, reaching 679,151.
Growth was also strong for first-time buyers, with searches reaching 166,026, up 9% compared with May and 5% higher than June 2025.
Strong growth for remortgaging
Remortgaging also saw strong monthly growth, with residential remortgage searches up 14% month-on-month to 654,285. That was a 1% increase compared with the same period last year.
In the buy-to-let market, search activity also grew, up 9% month-on-month to 275,284. Buy-to-let purchase and remortgage searches both also rose by 9%.
However, year-on-year total buy-to-let searches were 5% lower than June 2025 and buy-to-let purchase searches were down 14%.
Increasingly complex lending scenarios continued to feature in searches, with Joint Borrower Sole Proprietor enquiries remaining the most-searched criteria topic, followed by foreign nationals, visa applicants, maximum age limits, adverse credit and self-employed applicants.
Nakita Moss, head of lender at Twenty7tec, said: “Overall, June’s Mortgage Market Snapshot suggests the market regained momentum following the softer activity recorded in May. Search volumes increased across every major category month-on-month, while most residential categories also returned to year-on-year growth.
“Although buy-to-let activity remains below last year’s levels, June’s figures point to a market that continues to adapt as borrowers respond to changing economic conditions and ongoing lender competition.”