Knowledge Bank has recorded 5,211 criteria changes in October, down from 8,326 in September.

While the latest figures marked a drop, Knowledge Bank says it still reflects the relentless pace of market evolution.

Lenders continue to prioritise data accuracy, with 2,671 new criteria added in the month.

October saw over 91,000 criteria searches, with brokers increasingly leaning on search to navigate affordability pressures.

The top search was “Maximum age at end of term,” which climbed from 8th position in September.

Knowledge Bank says this shift possibly signals how borrower affordability remains front and centre in broker conversations.

Earlier this year we saw the most changed criteria be around “Maximum age at end of term” as well as “Maximum Term” acceptable by lenders.

Another notable mover was “Self-employed – 1 year’s accounts,” which jumped from 46th to 17th.

It notes that reaffirms demand from clients with non-traditional income profiles, and the need for brokers to find flexible lending options.

Criteria changes were widespread, but the “Maximum incomes used” field stood out, with 12 residential lenders updating their policies.

Meanwhile, Knowledge Bank’s recently launched AffCalc shows that niche areas such as “Tronc payments”, saw updates from 20 lenders.

Knowledge Bank sales director Shane Chawatama says: “It’s going to be intriguing to see how the next few months unfold. There’s still a significant number of borrowers needing to come off fixed deals.”

“While lenders are making positive moves by lowering rates and increasing LTVs, it doesn’t yet feel like enough to reignite the remortgage market. The upcoming budget may influence some decisions, but it won’t be the silver bullet many customers might be hoping for.”