Twenty7tec has reported a new record in the mortgage market, with over 25,000 products available in February 2025.
The end of February saw 25,090 products, marking the first time this milestone was surpassed, with a 2.33% increase from January.
More than 1,806 products were available in the maximum 90% loan-to-value (LTV) and 95% LTV ranges.
February also set a record with an average of 24,776.1 products available per day, a 27.1% increase from February 2024.
Nathan Reilly (pictured), director at Twenty7tec, said: “We’ve seen a greater level of activity from First Time Buyers in the market in February 2025, helped no doubt by the new record number of products available in the 90%+ Loan To Value ranges.
“For years, we saw the peak of March 2020, pre-lockdown, where the market had set a record of 20,176 products available and thought it might prove hard to surpass.
“It took until March 2024 to better that figure, and the market has only continued to flourish since then.”
Reilly added: “In fact, every month has beaten the year prior’s equivalent month for the past 19 months. That’s quite a bull run for the market.
“Of course, as the volume of products increases, we need to balance that with making applications as easy as possible so that advisers can spend their time on the activities which most benefit their customers.”
He said: “Our APPLY platform has experienced a 13.39% year-to-date increase compared to the same period in 2024 as more advisers use the functionality as part of their day to day work.!
“APPLY streamlines the submission of decisions in principle and full applications, enabling advisers to connect effortlessly with lenders and enhance their workflow.
“In turn, that improves their service timelines and their profitability.”
