Twenty7Tec has published its monthly findings from the UK mortgage market for December.

Remortgages totalled 42.3% as a proportion of the mortgage market in December 2021.

December was 12% busier than December 2020 for total mortgage searches.

Meanwhile, 7 December was the only December day to rank in the top 50 this year for mortgage search volumes.

December continued to see fewer first-time buyers as a percentage of all mortgage searches; it was second only to November 2021 for the lowest first-time buyer proportion in the past 20 months.

James Tucker, founder of Twenty7Tec, said: “We made it! 2021 was a year that we will talk about for many years to come in our industry. It had everything from the highest volumes we’ve ever seen to a sense that everything has changed, fundamentally and for good, in how we support customers in searching, applying for and ultimately obtaining a mortgage.

Congratulations on making it through such a tumultuous year – look out for our Future Demands report due early in January 2022.”