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28 March 2024

Commenting on today’s property transaction figures from HMRC, Simon Webb, managing director of capital markets and finance at LiveMore, said: “While there is a general feeling that the housing market has picked up at the start of this year, there is still a noticeable dip in the number of residential housing transactions, when looking at the real, non-seasonally adjusted figures. February transactions year-on-year were lower than any other in the past ten years, and the picture is worse when we look at the financial year to date where they are more than 10% lower than in the past ten years.

“Confidence in the economy is still in short supply, particularly amongst older borrowers – and the impending election will be unsettling people still further. Borrowers are crying out for some stability, politically and economically. In the meantime, lenders can play a role, by providing access to finance to help homeowners of all ages to help them to ride out the stormy times we find ourselves in.”