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Twenty7Tec issues April 2022 UK mortgage market findings

Twenty7Tec issued its findings on 5 May, based on its mortgage platform data for April 2022.  

The main findings for April included:

  • The fewest monthly mortgage searches since October 2021 (apart from December which is always slower)
  • A 20% drop in Buy to Let mortgage searches
  • A 20% drop in fixed mortgage searches compared to the month prior.
  • A 25.5% drop in re-mortgage searches month on month 

James Tucker, founder and CEO at Twenty7Tec, said of the findings: “It’s hard to determine if the changes we’ve seen in the market are due to a change in confidence, economic outlook, the Bank of England rate change, or simply down to April having fewer working days and everyone needing a well-earned break. The next few days for the market are going to be very instructive.”

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