Hope Capital comment on the latest monthly property transactions data

Commenting on property transaction figures from HMRC published today, Jonathan Sealey, CEO, of specialist lender Hope Capital said:

“With property transactions last month down by 12.6% compared to January 2021, this highlights the market has shown a slow start in 2022. However, let’s not forget that the figures recorded last year would have been fuelled by the looming stamp duty holiday.

“As we emerge from the pandemic, this should mean things should begin to bounce back and more confidence will hopefully be placed in the market. That set aside, while competition in the lending market is high, house prices and the increase in living costs remain even higher. Therefore, it is likely we will see more activity over the next few months from those who are further up the property ladder, compared to say, first-time buyers.

“This potentially could impact figures we see later on in the year, with more and more people not being in a position to get onto the property ladder. It is therefore crucial options are available which will support all types of borrowers and in turn, help the property market move forward in the right direction.”

To find out more about Hope Capital call 0151 523 5998 or email: hello@hope-capital.co.uk

Published: 22 February 2022