HMRC property transactions comment from Access FS

Following this morning’s HMRC property transactions announcement, Karl Wilkinson, CEO at Access Financial Services said: “It was a pleasant surprise to see a small upswing in housing transactions this morning despite cost-of-living fears, energy cost concerns, and an eventful political end to 2022.

“It is likely that many of the November completions were at an advanced stage before the mini-budget fiasco. However, we should remain optimistic that falling inflation will provide the catalyst for recovery.

“Brokers will need to focus on providing knowledge and support to those looking to move or remortgage, including the reported 1.7million people due to come off fixed-term mortgages in 2023. We are not out of the woods yet, in the current climate brokers must be ready to respond to demand and provide much needed support and advice.”