Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Buy to Let Mortgage Searches Drop Again in May
Buy to let mortgage searches fell again in May, according to new data from Twenty7tec reported by Property118. The number of buy to let mortgage searches dropped by 9% to 249,403 compared to the previous month.
Overall, there were 1,590,911 mortgage searches in May, which is a 7% decrease from April and 15% lower than in May 2025. The data also shows that buy to let purchase searches were 22% lower than the same month last year.
This trend in falling buy to let mortgage searches may be relevant for UK letting agents and inventory clerks, as it could indicate changing activity levels in the rental property market.
Source: Property118