Money & Credit and UK Property Transactions joint comment from Mark Tosetti, Group Partnerships Director at Movera, a group of home moving businesses including ONP Solicitors

30 April 2024

Please find below a comment from Mark Tosetti, Group Partnerships Director at Movera, a group of home moving businesses including ONP Solicitors, on today’s Money & Credit and UK Property Transactions figures:

Mark Tosetti, Group Partnerships Director at Movera, a group of home moving businesses including ONP Solicitors, commented:

“Today’s Money and Credit figures from the Bank of England are immensely cheering, with net mortgage approvals for house purchases in March at their highest level since September 2022. The Government’s non-seasonally adjusted figures for UK property transactions in March, published today, are also encouraging, showing growth month-on-month. However, with news that three major lenders will raise rates on new fixed deal mortgages today, it would be understandable if future buyers are cautious. It will be interesting to see whether today’s statistics mark a positive trend in the market or fall back. Our focus will continue to be on helping those looking to move or remortgage this year.”