Twenty7tec has reported a 20% month-on-month fall in mortgage searches during April, which fell to 1.71 million from 2.15 million in March.

The mortgage tech provider noted the slowdown followed heightened levels seen earlier this year, highlighting the continued sensitivity of the market to wider economic pressures and borrower affordability concerns.

New data from Twenty7tec’s April Mortgage Market Snapshot revealed that residential remortgage searches experienced the sharpest decline, down 32% compared to March, while buy-to-let (BTL) remortgage searches fell by 23%.

Twnty7tec said the data suggests many borrowers may have brought forward decisions earlier in the year amid uncertainty around rates, inflation and wider economic conditions.

Residential purchase searches also softened, falling 9% month-on-month and 1% year-on-year, reinforcing ongoing affordability challenges facing prospective buyers despite periods of greater rate stability across parts of the market.

At the same time, BTL searches increased 3% year-on-year, while BTL remortgage searches rose 9% compared to April 2025, suggesting landlords remain active in reviewing and restructuring borrowing arrangements in response to changing market conditions.

“The April figures reflect a market that remains highly reactive to both economic conditions and borrower sentiment,” head of lender at Twenty7tec, Nakita Moss, commented.

“After the elevated activity levels seen in March, some degree of slowdown was expected, but the scale of the movement across remortgage and purchase searches highlights how closely borrower behaviour continues to track affordability pressures and wider financial uncertainty.

“What’s particularly interesting is that, despite softer overall activity, advisers are still navigating increasingly complex cases. The criteria searches this month show continued demand for support around adverse credit, self-employed income and residency questions, reinforcing the important role advisers continue to play in helping borrowers access the market.”

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