December 2021 saw a 12% rise in mortgage searches compared to the same month a year earlier, new data gathered by Twenty7Tec has revealed.
The mortgage technology firm’s latest figures showed that remortgages as a proportion of the mortgage market in December stood at 42.3%, with purchases – excluding product transfers – consisting of 57.7% of the mortgage market share.
Elsewhere, Twenty7Tec also reported that at the end of 2021, there were 16,923 products available on its systems – representing a leap of 74.6% on 31 December 2020.
This December continued to see fewer first-time buyers as a percentage of all mortgage searches (17.97%), and Twenty7Tec’s research confirmed it was the month second only to November 2021 for the lowest first-time buyer proportion in the past 20 months.
Over the course of 2021, the figures still showed that first-time buyer searches were up 32.51% in 2021 compared to 2020, while mortgage searches were up 19.72% year-on-year, and ESIS documents processed by Twenty7Tec up 48.16%.
Commenting, Twenty7Tec founder, James Tucker, said that 2021 was a year that “we will talk about for many years to come in our industry”.
“It had everything from the highest volumes we've ever seen to a sense that everything has changed, fundamentally and for good, in how we support customers in searching, applying for and ultimately obtaining a mortgage,” Tucker said.
Latest News
-
UK’s mortgage stock valued at £1.73trn – BoE
-
Half of financial advice consumers are increasingly worried about tax
-
13,000 mortgage holders reduce payments under Charter rules
-
MoneyAge Awards 2026: Open for entries
-
Bridging finance lending remains resilient – BDLA
-
70% of JISAs belong to children aged five to 14 – AJ Bell
Mortgage Advice Bureau and AI in the mortgage sector
Chief executive officer at Mortgage Advice Bureau, Peter Brodnicki, and founder and managing director at Heron Financial, Matt Coulson, joined content editor Dan McGrath to discuss how Mortgage Advice Bureau is using artificial intelligence to make advancements in the mortgage industry, the limitations of this technology and what 2026 will hold for the market
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories