HMRC property transactions comment from LiveMore
23 August 2022
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “These are the highest July property transaction figures since 2015 and shows there is still demand for housing, even though it has calmed down somewhat since the end of the stamp duty holiday last September, and despite the fact that housing stock still remains low. “
“With interest rates and inflation both continuing to rise, it is a good time for home buyers to seriously consider long-term fixed rate mortgages. The certainty of knowing monthly payments won’t rise for a fixed amount of time should bring peace of mind to borrowers.”
Link to HMRC property transactions: https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary
