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HMRC property transaction figures show "borrowers holding out", says Phoebus
31 July 2024
Richard Pike, chief sales and marketing officer at Phoebus, said: “This morning’s property transaction figures from the HMRC may be, on the face of it, disappointing for the industry, as they represent the first month-on-month decrease in property transactions for the first time since December last year.
“However, they are a reflection of the originations market in the first half of the year, at a time of electoral uncertainty, with borrowers holding out for a stronger indication of how far interest rates will be cut and when.”
