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 stayed at £425,000 until 1 April 2025, when it reverted to £300,000. The standard nil-rate band reverted to £125,000 at the same time.
Higher stamp duty surcharge of 5% for additional properties (up from 3%).
CGT rates on non-property assets rose from 10%/20% to 18%/24%, aligning with the existing residential property rates.
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 5% stamp duty surcharge on additional properties applied immediately from 31 October 2024
- Standard stamp duty thresholds reverted to lower levels on 1 April 2025
- 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.
Verified client reviews
Independently authenticated via Reviews.io. Only real clients can leave feedback.
Loading verified client reviews...