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Mortgage applications: significantly up

Updated: Jul 10

Mortgage technology firm Twenty7Tec has been running a daily market snapshot service which shows the volume of searches.


Here's what they've shared:


- 27% increase in mortgage applications, week ending 17 May compared with previous week


- 43% increase in mortgage applications compared to 4 weeks ago

James Tucker, chief executive of Twenty7Tec, said:


“We are starting to see significant volumes return to the market – with searches for purchase mortgages in particular rapidly gaining pace. Searches for purchases are now at 44 per cent of pre-lockdown highs, up from lows of 15.6 per cent in mid April.”

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