Following this morning’s property transactions announcement from HMRC, Karl Wilkinson, CEO at Access Financial Services said: “This morning’s housing transactions figures suggest that Q4 2022 was more robust than the doomsayers predicted. Despite rising mortgage rates, and energy cost concerns, consumers were still ready to borrow.
“The cost-of-living crisis will certainly play its part in where we go from here. Advisers must focus on providing knowledge and support to those looking to move or remortgage, including the reported 1.5million people due to come off fixed-term mortgages this year. We are not out of the woods, advisers must be ready to respond to demand and provide much needed professional support and advice.”