Purchase mortgage searches this month on the Twenty7tec platform have surged — topping last January’s total yesterday, with five days left until the end of the month.
The criteria search engine firm says that seven of the ten busiest days and eleven of the 20 busiest days ever on the platform were logged this month.
The company’s January purchase mortgage searches by brokers over the last four years shows January 2024 in top spot:
- 2024 – Jan 1,300,495 searches
- 2023 – Jan 1,288,672 searches
- 2022 – Jan 1,013,000 searches
- 2021 – Jan 836,321 searches
Twenty7tec director Nathan Reilly says: “These figures are certainly optimistic for the market, especially when you compare the challenging periods we saw last year and in 2022.
“It’s a good start to the year, but it brings questions over how this huge demand can be serviced.
“When we’ve historically seen similar activity levels, it’s led to an inevitable service crunch that can quickly sour the customer experience.
“The key to avoiding this is, of course, good service and making data-informed decisions.
“With March typically the busiest month of the year for purchase and buy-to-let mortgage searches, it will be interesting to see the data and whether we top these new record numbers.”
