According to digital marketing agency Greenlight, the number of searches for borrowing increased from 2.4 million in July to over 2.5m in October – a 6% rise.

Of the 2.48 million borrowing searches carried out in October, 60% were for mortgages. The most searched for term was ‘mortgage calculator’, which attracted 550,000 in the month.

Searches for savings and investments fell by 18% between July and October.

Greenlight claims that the increase in borrowing searches is a result of ultra-low interest rates – it points out that mortgage approvals hit a five-year high in September, personal loan rates fell below 5% on average and the number of short-term interest-free credit cards surged at the same time.