Remortgage searches rise 7% in July: Twenty7tec – Mortgage Strategy
July’s remortgage activity continued to strengthen, while purchase and buy-to-let (BTL) searches in the month eased as borrowers navigated affordability pressures and the usual summer slowdown, Twenty7tec data reveals.
Twenty7tec’s latest Mortgage Market Snapshot recorded 1,790,196 mortgage searches during July, up 1% on June and broadly unchanged from the same month last year.
The figures point to a market where different borrower groups are moving at noticeably different speeds, according to Twenty7tec.
Residential remortgage searches increased 7% month on month and 5% year on year, reaching 700,628.
The purchase market remains more cautious with residential purchase searches 3% lower than June, while first-time buyer searches fell 4% during the month.
However, first-time buyer activity remained slightly ahead of July 2025, which Twenty7tec suggests demand has not disappeared even as affordability continues to influence when and how buyers enter the market.
Buy-to-let presents another challenge, Twenty7tec notes as search volumes remain slightly below last year.
It notes that this reflects a landlord market that continues to assess borrowing costs, taxation, regulation and the longer-term case for property investment.
Twenty7tec head of lender Nakita Moss says: “July’s data suggests the mortgage market remains on a steady footing. Total search activity edged up by 1% compared with June and remained broadly in line with the same month last year, showing advisers and borrowers continue to engage despite ongoing economic uncertainty.”
“Remortgaging was the standout story this month, with searches up 7% month on month and 5% year on year. As more borrowers reach the end of existing fixed-rate deals and lender competition remains strong, advisers have an important role to play in helping clients navigate an increasingly competitive market.”
