The gap between the minimum and maximum mortgage loan size requested by borrowers is now £133,000, up from £104,00 in the same period last year.
According to MBT Affordability, this is the highest seen since the firm started recording this data in January last year.
In January 2021 the minimum and maximum loan gap was £88,000.
The report added that the proportion of mortgage enquiries where customers were offered the loan size they wanted stayed stable at 76 per cent.
Tanya Toumadj (pictured), chief executive at Mortgage Broker Tools, said the rising cost of living was being factored into lender affordability calculators, and this impact was greater for those on lower incomes.
She said this had led to the greater disparity between maximum and minimum loans to borrowers.
Toumadj added: “However, there are still lenders able to provide the loan sizes that borrowers are requesting and our data shows that more than three quarters of mortgage enquiries are still able to secure the loan size requested from at least one lender.
“In this environment, comprehensive research amongst a wide group of lenders is vital to ensure that clients are able to access the loan size they need. While previously this might have meant endless legwork and hours on the phone, a tech platform is now the broker’s best weapon – and MBT Affordability is the most comprehensive lender panel out there.”
She said that MBT Affordability should be the “first stop for brokers looking to ensure that their clients get the best deal possible”.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
