Remo searches hit record, purchase enquires soar: Twenty7tec … – Mortgage Strategy
Remortgage searches hit record levels last month, while purchase enquiries lifted to their second busiest ever month on the Twenty7tec platform, following interest rates rising to a 15-year high.
Broker searches for clients looking for a fresh mortgage deal jumped 21.9% to 825,736 enquiries in June, compared to the month before, sending this category to its highest ever monthly level.
Purchase searches edged up 0.6% to 1,747,323 last month, which was enough to make it the second busiest ever month for these enquiries on the platform. The top month for this type of home loan came in March, with 1,852,718 enquires.
The data comes after the Bank of England hiked the base rate by 50 basis points to 5% last month, its 13th rate rise in a row since December 2021, taking it to the highest level in a decade and a half.
The search engine adds that buy-to-let mortgage searches lifted 11.1% in June 2023 compared to the month before.
It adds that searches on behalf of first-time buyers rose 1%…
The post Remo searches hit record, purchase enquires soar: Twenty7tec … – Mortgage Strategy first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/07/03/remo-searches-hit-record-purchase-enquires-soar-twenty7tec-mortgage-strategy_2023070347117.html
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