Residential purchase mortgage searches by brokers jumped 27.8% in April compared to a year ago, data from Twenty7tec shows, in the third busiest month for the home technology platform. 

The firm adds that these enquiries are up 8.2% on the previous month. 

Remortgage searches were jumped 62.3% on 12 months ago and 7.4% on March. 

Buy-to-let purchase mortgage searches lifted 19.2% on last year and were 8% higher than the month before. 

Searches on behalf of first-time buyers were up 13% on a year ago and were 5.7% higher than last month. 

Two-year fixed mortgages accounted for 48.5% of all fixed product searches, compared to 42.73% last year. 

While, five- to 10-year fixed mortgages made up 17.4% of enquiries, compared to 24.08% 12 months ago. 

Twenty7tec director Nathan Reilly says: “April 2024 was our third busiest ever month on the platform with over two million mortgage searches in total.  

“The month also saw a new record set for the total products available — with over 21,000 product variations now in the UK mortgage market, a 3.82% rise on the prior month end. 

“April 2024 saw an unprecedented fourth month on the trot with over 100,000 self-employed mortgage searches. However, their demand was outstripped by the employed who made up over 90% of all mortgage searches for the first time since September 2020 –retired and self-employed workers made up 9.33% in April.” 

“Finally, we saw the average property valuation for a FTB in London break through the £500,000 mark again for the first time in a year.”