Just Mortgages comments on HMRC property transaction figures

31 October 2023

Just Mortgages is one of the largest mortgage brokers in the UK, with more than 650 advisers working across both employed and self-employed divisions. It is part of Spicerhaart, the UK’s largest independent estate agency and property services group.

Carl Parker, national director at Just Mortgages, said: “Rather than causing a fright, I’m sure today’s news will be expected by many given the challenging market we find ourselves in. In previous Septembers, we may expect activity to increase after the summer break and carry through to the end of the year. However, clear concerns around affordability are still hampering enthusiasm across the market. Lenders are playing their part with rates and it’s certainly not an issue of availability of funds, it comes down to people wanting and having the confidence to move.

“While not as high as last year, we are still seeing consistent levels of buyer registrations, demonstrating there is some appetite in the market, but mainly among those who need to move rather than want to. It’s an important reminder of the essential role brokers play in educating clients in the realities of the market and what it means for each client’s individual circumstances. As brokers, we have to remain proactive in these efforts.

“It also serves to remind brokers to explore all opportunities and potential revenue streams – making sure they have the necessary support structure around them to make this a reality. In recent months, we have not only seen strong demand for our business protection licence training, we’ve just launched our next round of equity release licence workshops to support ambitious brokers in maximising every opportunity.”