Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Mortgage Searches Increase in June 2026
Mortgage search activity strengthened in June 2026, with both month-on-month and year-on-year volumes rising across most major lending categories, according to data from Twenty7tec. Total mortgage searches reached 1,774,749 in June, marking a 7% increase compared to May and a 2% rise over June 2025. This was the first month in 2026 to record growth both month-on-month and year-on-year.
First-time buyer activity also increased, with searches reaching 166,026 in June—up 9% from May and 5% higher than June 2025. Residential searches totalled 1,499,462, representing an 11% increase compared to May and a 3% rise year-on-year. Residential purchase searches grew by 8% month-on-month to 679,151, with a 5% increase compared to the same month last year.
Remortgage and Product Trends
Residential remortgage searches rose to 654,285 in June, a 14% increase from May and a 1% rise year-on-year. Twenty7tec noted that more borrowers were reviewing their options as they approached the end of existing fixed rate deals. Borrowers have mainly sought short-term solutions to address the price shock of expiring low fixed rates. Lenders have responded with increased competition, including consistent rate cuts, new tracker products, and greater flexibility for higher loan-to-value (LTV) borrowing. Mortgage product availability also increased during June.
Buy-to-Let Activity Remains Subdued
Total buy-to-let (BTL) searches increased 9% month-on-month to 275,284, with both BTL purchase and remortgage searches also rising by 9%. However, year-on-year, total BTL searches were 5% lower than June 2025, and BTL purchase searches were down 14%. Investor activity remained more subdued than owner-occupier demand, reflecting a weaker appetite from landlords that has characterised the market this year.
The housing market has largely remained a buyer’s market in recent months, with sellers typically accepting offers below their original asking price.
Source: Mortgage Solutions