Access Financial Services comments on the publication of the HMRC property transaction figures for July

Karl Wilkinson, CEO of national brokerage Access Financial Services (Access FS), comments on the publication of the HMRC property transaction figures for July.

“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 percent 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.”

Kindly shared by Access Financial Services (Access FS)

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