UK Budget: Mortgage & Property Impact
How the Chancellor's announcements affect homebuyers, homeowners, and property investors. We break down what matters for your mortgage.
Key Changes for Property
First-time buyer threshold remains at £425,000. Standard nil-rate band stays at £250,000.
Higher stamp duty surcharge of 5% for additional properties (up from 3%).
Lower rate CGT on residential property increases from 18% to 24%.
Threshold frozen at £325,000 until 2030. Family home allowance remains at £175,000.
What This Means For You
- No immediate changes to stamp duty relief
- Help to Buy ISA bonus still available until November 2030
- Lifetime ISA remains unchanged with 25% government bonus
- No changes to mortgage interest relief
- Energy efficiency grants may help reduce bills
- Consider remortgaging before any future changes
- Higher stamp duty on additional properties from April 2025
- Consider purchases before April to save on stamp duty
- CGT changes may affect property disposal strategies
Important Disclaimer
This page summarises Budget announcements relevant to mortgages and property. For full details, refer to official HM Treasury documents. Tax rules can change, and individual circumstances vary. For personalised advice on how Budget changes affect your mortgage or property plans, speak to a qualified adviser.