Comment on HMRC property transactions

Following the latest release of the HMRC monthly property transaction figures, Karl Wilkinson, CEO of Access FS said: “Whilst the year-on-year numbers may be skewed slightly thanks to the ‘Stamp Duty holiday’ last year, it is still positive to see a 7.2 per-cent increase in transactions in July compared to the month prior.

“Not only does it show appetite among house buyers even in the face of rising interest rates and a cost-of-living crisis, but it shows real resilience from brokers as they battle with longer lead times and lenders tightening their affordability criteria.

“As consumers continue to navigate this ever-changing landscape and lenders continue to adapt their strategies and product portfolios, good quality financial advice will remain absolutely vital.”