Legal & General Mortgage Services comments on latest HMRC property transactions data

Kevin Roberts, Managing Director, Legal & General Mortgage Services comments on latest HMRC property transactions data.

“Overall property transactions have dipped in recent months.

“Partly this reflects a bit of a return to pre-pandemic norms, but it also shows that some buyers may be sitting tight, perhaps because they feel more uncertain about their finances and the future of the property market.

“The UK housing market is incredibly resilient, but it’s natural that some borrowers will have concerns when they are faced with an ongoing cost of living crisis and news of rising interest rates.  

“Uncertainty can be paralysing, and this is why advisers have such an important role to play in the market right now.

“More than ever, borrowers need to understand that they don’t have to go it alone and that there is help available.

“I would urge anyone who is considering purchasing a home or remortgaging their current property to see a professional mortgage adviser to discuss all the financing options available to them.

“Of course, advisers don’t have access to a crystal ball, but they can provide expert guidance that is tailored to each individual’s circumstances and they can often provide access to exclusive products which are not available directly from lenders.”  

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