Twenty7tec celebrates 10 million mortgage searches one month early

Adviser tech provider Twenty7tec hit 10 million mortgage searches in the year to date one month earlier than the year before.

A third (33.8%) of the searches were for purchase mortgages, 48.70% for remortgages and 17.43% for first-time buyers.

Currently, there are 22,232 products available from mortgage lenders.

Last year, for the same period, 35.44% were purchase mortgage searches, 46.70% were for remortgage and 17.86% for first-time buyers

Nathan Reilly, director at Twentytec, said: “This year is looking like our busiest year on record. Last month, we reported that the mortgage market activity was up 26% compared to the previous year, and of course in January we had the busiest month for adviser search activity in the past four years.

“It will be interesting to see how the General Election affects housebuyer activity, but overall we expect things to carry on increasing as more people try and get on to the property ladder or move home.”

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