As the post-Christmas listing boom has filtered its way through to mortgage enquiries, the latest data from Twenty7tec, leading adviser tech, shows that last week was the busiest-ever start to a new calendar year for mortgage searches.
Wednesday (03.01.24) and Thursday (04.01.24) were the two busiest days ever at the beginning of the calendar year.
Wednesday was the busiest day of the week, which saw a total uplift in mortgage searches of 5.53% compared to last year’s first week of the year, seeing well over 80,000 mortgage searches taking place, putting it in the top 50 days ever for search volumes on the Twenty7tec platform.
Nathan Reilly, Director of Twenty7tec, says: “2024 has certainly got off to a good start. Following the news that Rightmove saw a record number of homes putting their house up for sale on Boxing Day, enquiries are flooding through.
“Last year, we saw that January was the second busiest month of the year for first time buyers and January, February, and March were the three busiest months of the year for first time buyers mortgage searches. If things keep on going the way they are, we might see new records being made across the board for mortgage enquiries.”
| Day of Month – Year-Month | SUM of Standard Residential | SUM of Buy To Let | SUM of Searches | MAX of Searches | Versus prior year | |
| 2017-Jan | 23,181 | 7,071 | 37,650 | 9,022 | ||
| 2018-Jan | 30,277 | 10,401 | 51,744 | 13,321 | ||
| 2019-Jan | 32160 | 10704 | 52562 | 17282 | ||
| 2020-Jan | 42613 | 11672 | 65102 | 27842 | ||
| 2021-Jan | 6,108 | 915 | 8,214 | 6,700 | ||
| 2022-Jan | 1,241 | 171 | 1,562 | 1,562 | ||
| 2023-Jan | 213,673 | 55,388 | 291,109 | 71,354 | ||
| 2024-Jan | 239,302 | 49,086 | 307,214 | 80,812 | 5.53% | 13.26% |
