Richard Pike, Phoebus Software’s chief sales and marketing officer, says:

“The latest non-seasonally adjusted figures from HMRC may be a little surprising given that many reports recently have been of a declining market.  It is encouraging to see that the pipeline of transactions continued to increase in the months leading up to the chaos caused by the now infamous mini-budget.

“Whether this trend will continue into the new year is questionable, especially as the winter months will be the most expensive, even with the energy price cap.  Lenders will be looking to finish the year and head into 2023 on a high. So, the recent spate of rate reductions could continue, even as the base rate increases.  Keeping on top of risk and vulnerability will continue to be a priority though and the technology lenders have in place will come to the fore.”