June brought spike in mortgage applications

July 16, 2025 by Brendan O'Neill

Borrowers

New data released by one of the biggest mortgage networks in the country has revealed that there was a major spike in mortgage applications over the course of last month.

The source of that data is the ‘Mortgage Market Briefing’ published by the Stonebridge protection and mortgage network. This briefing is something that the network is planning to publish on a regular basis from now on – and the first one makes for interesting reading. It shows that there was a spike of 41.7% in the number of applications submitted during June. That indicates that the mortgage market is recovering nicely after the Stamp Duty changes.

When it comes to the sorts of loans that borrowers favoured, the evidence is that they preferred short-term ones. Almost two thirds of them opted for mortgages of that kind. What that suggests is that they feel that rates might come down in the future and they want to be in a position to capitalise on that.

The Stonebridge report also shows that the majority of borrowers still want the certainty of a fixed rate mortgage. More than 95% of them chose a mortgage of that kind in June.

Stonebridge chief executive Rob Clifford told Financial Reporter that:

“The green shoots of recovery are already visible, with mortgage applications up nearly 42% in June. That’s a clear sign that buyer confidence is returning.”

He added that if rates continue to fall, this momentum will build.

This is what advisors with CeMAP training will be hoping for, as it will increase demand for their services.