Target Group comments on HMRC property transactions

30 June 2026

Melanie Spencer, growth director at Target Group, said:

“May’s data continues the trend of a slowdown in transactions, mirroring mortgage approvals data released yesterday. It shouldn’t come as a huge surprise given the clear headwinds the market and wider economy is facing and the impact this has had on both buyer and seller confidence.

“Buoyed by the central bank’s decision to hold the base rate once again, we have seen swap rates stabilise and lenders continue to come to the table with rate reductions. Lenders are facing a delicate balance right now between staying vigilant and remaining competitive – keeping a close eye on their pricing and market share as they look ahead to their end of year lending targets. With the help of expert advice, there are still opportunities out there for borrowers – particularly as lenders continue to price more competitively and innovate in their products and criteria.

“Responding to a rapidly changing mortgage market requires lenders to be agile and able to move at pace. Digital transformation will therefore remain a key priority across the market, identifying the right technical partners and implementing efficient, scalable and tech-enabled processes to meet the needs of a changing market and customer base.”