LiveMore comment on today’s HMRC non-seasonally adjusted property transactions increase by 20%

30 April 2024

Please find below, comment from Simon Webb at LiveMore, the mortgage lender for the 50-90+ age group.

Simon Webb, managing director of capital markets and LiveMore, commented:

“The figures released today offer a cautiously optimistic glimpse into the residential housing market. While it's important not to overreact to short-term trends, there are signs of a potential improvement, with the 20% uptick from February 2024 in non-seasonally adjusted residential transactions, building on the consistent increases we have witnessed from 67,320 in January 2024.

“The increase in transactions is a welcome development, though it should be remembered these figures are still down 9% against 95,160 in March 2023. This uptick, if sustained, could signal a course correction.

“However, a note of caution is still warranted. Affordability remains a key concern. Lenders should provide flexible mortgage products tailored to the specific needs of their customers across all age groups, including our older and potentially vulnerable borrowers. By offering access to specialist advice and financial solutions, lenders can empower customers to capitalise on any positive shifts in the market.”