Mortgage Market Report – October

October 2023
Mortgage Market Activity

02.11.23

We can today announce our mortgage market statistics for October 2023 as follows:

The data:

• • Purchase mortgage searches were up 6.1% in October 2023 compared to September 2023 
  • Remortgage searches were up 9.02% compared to September 2023
  • Buy To Let mortgage searches were up 7.01% nationwide in October 2023 compared to September 2023
  • Searches by First Time Buyers were up 7.8% nationwide in October 2023 compared to September 2023
  • Searches for fixed mortgage products in October 2023:

– Two-year fixed mortgages accounted for 46.2% of all fixed product searches in October 2023

– Three- to five-year fixed mortgages accounted for 33.6% of all fixed product searches

– Five- to ten-year fixed mortgages now account for 20.2% (compared to 32.3% a year ago)

 

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