Phoebus Software reacts to latest HMRC Property Transactions data

31 March 2026

Richard Pike, Chief Sales and Marketing Officer at Phoebus Software:

“At the start of the year, I said 2026 would be the year the mortgage market starts growing again - and February’s figures show exactly the kind of momentum we were expecting. Transaction levels were 7% up on January and the highest since March 2025, clear evidence that the market was accelerating before the Iran conflict reshaped the global outlook.

“We are now operating in a very different environment - one defined by rising rates, tightening affordability and a shift in buyer and seller behaviour that will play out over the coming months.

“The mortgage market is entering a period where volatility is likely to remain the norm rather than the exception. To stay ahead, lenders will need technology that can adapt at pace - systems capable of real time insight, rapid product changes, and seamless operational flexibility. The priority now is building resilience and ensuring organisations are equipped to respond confidently to whatever the market delivers next.”