Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Mortgage Searches Increase in June
Mortgage search activity strengthened in June, with both month-on-month and year-on-year volumes rising across most major lending categories, according to the latest Mortgage Market Snapshot from Twenty7tec.
Total mortgage searches reached 1,774,749 during June, representing a 7% increase compared with May and 2% higher than June 2025. This marks the first month in 2024 to record growth both month on month and year on year.
Residential searches totalled 1,499,462, up 11% compared with May and 3% higher than the same month last year. Residential purchase searches rose 8% month on month to 679,151, with a 5% year-on-year increase. First-time buyer activity also strengthened, with searches reaching 166,026, up 9% compared with May and 5% higher than June 2025.
Residential remortgage searches increased to 654,285, a 14% rise month on month and a 1% increase compared with the same period last year. The report notes that more borrowers were reviewing their options as they approached the end of existing fixed-rate deals, supported by continued lender competition.
The buy-to-let market also saw growth compared with May. Total buy-to-let searches increased 9% month on month to 275,284, with both buy-to-let purchase and remortgage searches rising by 9%. However, year-on-year figures show total buy-to-let searches were 5% lower than June 2025, and buy-to-let purchase searches were down 14%, indicating investor activity remains more subdued than the owner-occupier market.
Mortgage product availability increased during June, continuing the gradual recovery seen since April as lenders adjusted their product ranges. Advisers continued to search for increasingly complex lending scenarios, with Joint Borrower Sole Proprietor enquiries being the most searched criteria topic, followed by foreign nationals, visa applicants, maximum age limits, adverse credit, and self-employed applicants.
Source: Mortgage Strategy