18 Oct 2024
Labour Autumn Budget Predictions: Housing
The UK’s chancellor, Rachel Reeves, will deliver the Labour government’s autumn budget at the end of the month, we take a look at what could be announced in relation to housing.
Stamp Duty
The stamp duty rates announced in the mini-budget in September 2022 were to remain until 31st March 2025. Labour confirmed prior to the election that if it formed the next government the first time buyer stamp duty exemption threshold would go back to £300,000 – this was raised to £425,000 from September 2022.
Reeves has said that in the upcoming budget, there may be other changes to stamp duty.
Freedom to Buy
Labour’s housing policy is the Freedom to Buy scheme. They have pledged to help 80,000 people get onto the property ladder over the next five years by permanently extending the mortgage guarantee scheme, which is due to expire in June 2025.
Council Tax Adjustments
There have been suggestions that Labour could introduce a flat-rate council tax system based on the value of the property instead of the current banding system currently in place. This could mean more expensive bills for more expensive properties, but may benefit lower value homes.
The Autumn budget will take place on Wednesday 30th October.
Recent posts
Best UK Mortgage Rates this Week
Yesterday
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Maidenhead, Berkshire – 26th January 2026 – Dedicated independent mortgage experts, Mortgage Required, are delighted to have acquired fellow experienced brokerage, Y-Not Finance.
The acquisition connects two well-respected brokerages, both with a wealth of experience and shared values, to continue providing the best advice on all aspects of the mortgage market.
As part of the UK government’s plans to change the leasehold system to help families struggling with unaffordable ground rent costs.
The Prime Minister announced this morning (27 January) that ground rents will be capped at £250 per year, reverting to a peppercorn rate after 40 years.
Additional borrowing, also known as a further advance, is when you borrow more money on your existing mortgage for a specific reason agreed with your lender.
Here are five of the most common reasons for additional borrowing.
UK Housing Market Round-Up: 2025
30 Dec 2025
Property search site Zoopla has estimated that the UK housing market will end 2025 with approximately 1.15 million completed sales – 4.5% more than the previous year.
Take a look at the 2025 summary of the UK housing market.
Buying in the New Year
29 Dec 2025
If buying your first property, or moving home, is on your to-do list this year, the new year can be a great time to take this big step. In this short blog, we look at what you need to consider as you plan and prepare for your home-buying journey.
Just because the Bank of England decides to reduce the base rate, this doesn't automatically mean that your mortgage rate will go down.
Autumn Budget 2025: A Summary
26 Nov 2025
Chancellor, Rachel Reeves, has delivered the Autumn 2025 budget. We have summarised the government's plans for tax and spending.
More information
Trusted by
