May brought rise in mortgage search volumes

June 14, 2025 by Alan

Property Market

Last month brought a rise in the number of mortgage products that are available on the market, offering further evidence that it is in a good state of health.

This finding comes from the online product search platform Twenty7tec. According to data that the company has released, there was a 12.3% increase in the number of product searches during May when compared with the month before. This data also shows that the number of actual products available for the month was more than 25,000. This makes May 2025 the first month ever to surpass that total.

It all makes for positive reading for mortgage industry observers, and there are a couple of areas of the market responsible for much of the product search rise. Searches for remortgage products rose by 7.6% during the month, while first-time buyer product searches went up by 3.5%.

Searches for products suitable for that latter group made up 37.3% of the residential search total for May. In comparison, they accounted for 33.9% during the previous month. High loan to value (LTV) products dominated the searches, with 48.2% being for loans with LTV of over 90%. 78% of searches were for mortgages with LTV of over 80%.

Nathan Reilly from Twenty7tec told Mortgage Introducer that:

“May felt like a month where confidence picked up noticeably. Search volumes were up, remortgaging remained strong, and first-time buyer demand continued to grow.”

Mortgage advisors who have the CeMAP qualification will be as delighted to see these figures for May as anyone else in the industry.