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‘Market is moving again’ Twenty7tec report finds

Total mortgage searches increased by 7% month-on-month and were 2% higher than this time last year, according to the June mortgage market snapshot from Twenty7tec.

First-time buyer searches rose 9% month-on-month and are now 5% higher than June 2025, with residential remortgage searches up 14% compared with May. The increase sees a return into positive year-on-year territory.

Search volumes increased across residential purchase, remortgage, first-time buyer and buy-to-let markets, as the market starts to move again following softer activity seen in May, the financial technology company said.

Mortgage product availability also increased during June, giving advisers more options as lenders respond to improving market conditions.

“June’s data marks a welcome shift from the softer activity seen in May, with search volumes increasing across every major category MOM and overall activity returning to positive YOY growth,” Twenty7tec head of lender Nikita Moss said.

“The return to positive year-on-year growth across most search categories is another encouraging sign. Residential purchase searches increased by 5%, first-time buyer activity rose by 5%, and residential remortgage searches also returned to positive year-on-year growth, increasing by 1% compared with the same period last year.

“Residential purchase, first-time buyer, remortgage and overall buy-to-let searches all strengthened during the month, suggesting advisers and borrowers are becoming more active as we move into the second half of the year. While overall buy-to-let activity has improved, buy-to-let purchase searches remain 14% lower than June 2025. In my view, this reflects a sector that is still adjusting to a very different investment landscape.”

Joint Borrower Sole Proprietor enquiries continue to top the criteria rankings, alongside foreign nationals, visa applicants, adverse credit and self-employed borrowers.

Moss concluded: “June’s figures suggest a market that continues to adapt as confidence gradually returns. Activity is strengthening, lenders are responding with greater product choice, and advisers remain focused on helping a wide range of borrowers navigate an evolving market.”

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