Poll: Did the Autumn Budget go far enough to stimulate the housing market?
Chancellor Healey’s Autumn Budget introduced a range of housing reforms, tax changes and support measures for buyers and renters.
In the Budget, the government confirmed key details of the Your First Home scheme, including regional price caps and developer contributions. It also announced that the First Time Buyer ISA will launch in April 2029, replacing the Lifetime ISA (LISA) for new savers, while the withdrawal penalty for properties exceeding the £450,000 cap was reduced to 20%.
For landlords and higher-value homeowners, property income tax rates will double from April 2027, while a new ‘mansion tax‘ surcharge of between £2,500 and £7,500 will apply to homes worth £2m or more from April 2028.
These changes come against a backdrop of persistent affordability challenges for first-time buyers, volatility in swap rates driven by conflict in the Middle East throughout 2026, and continued adjustment by landlords to the impact of the Renters’ Rights Act.
Mortgage Solutions asks readers: Did the Autumn Budget go far enough to stimulate the housing market?
Your First Home: confidence to build
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