July data shows a 7% monthly rise in residential remortgage searches as purchase and BTL activity eased
Mortgage search volumes held steady in July, with remortgage activity driving modest overall growth while purchase and buy-to-let demand slipped, according to new data from Twenty7tec.
The mortgage tech provider's latest Mortgage Market Snapshot recorded 1.79 million searches in July, up 1% on June and broadly flat compared with the same month in 2025.
Residential remortgage searches were the most notable mover, rising 7% month on month and 5% year on year to reach 700,628. The figures reflect ongoing lender competition and product availability, though borrowers are continuing to weigh their options against household costs and wider economic conditions.
The purchase market was more subdued. Residential purchase searches fell 3% compared with June, and first-time buyer searches declined 4% over the same period. First-time buyer activity nonetheless remained marginally ahead of July 2025 levels, indicating underlying demand has not dissipated entirely.
Buy-to-let search volumes remained slightly below last year, with the landlord segment continuing to weigh borrowing costs, taxation, and regulatory pressures against the long-term investment case for property.
"July's data suggests the mortgage market remains on a steady footing," said Nakita Moss (pictured right), head of lender at Twenty7tec. "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."
On the criteria side, Joint Borrower Sole Proprietor arrangements remained the most searched lending criteria in July, with visa applicants, foreign nationals, and borrowers with adverse credit history also featuring prominently. The breadth of criteria searches points to a market where borrower circumstances are increasingly varied, reinforcing the case for professional advice.
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