Residential property transactions are up 26% in March compared to February - on a non-seasonablly adjusted basis. Does this mean that buyers have accepted current mortgage rates are the new norm and some confidence is coming back to the market?Do you expect transactions to pick up throughout the year? Are any buyers still waiting for a further drop in mortgage rates or house prices?&nbsp;

mortgages

property

HMRC property transaction data

We've definitely seen an uptick in business in the last month or so compared to the start of the year. Throughout that period, there's been a steady stream of remortgage business, and we're starting to see more purchases once again. We've probably seen clients being a bit more hesitant than usual to make a decision, perhaps influenced by them wanting to see more stability in mortgage pricing but this hesitancy seems to be shifting.

Joe Stallard

Joe’s early career has seen him work in a more corporate background, successfully fulfilling marketing roles for some top UK names.

But in 2017, Joe took the step to join the family business and is now working closely with Mark to grow and build House and Holiday Home Mortgages in line with some challenging targets. 

Together, their goal is to help as many people as possible to meet their mortgage needs and secure the best deal for them. With a specific focus on holiday let mortgages, they are determined to remove the stress and hassle from the mortgage process.

In his spare time, Joe loves anything sport with a particular affiliation to Swindon Town, Gloucester Rugby and Hampshire Cricket. And if it’s not sport, Joe likes to spend his time socialising with friends and travelling to new places all over the globe.

HMRC property transaction data

1 responses from the Newspage community
Copy all

Joe Stallard

Director and Advisor at House and Holiday Home Mortgages

1 responses from the Newspage communityCopy all

1 responses from the Newspage community
Copy all