With the Chancellor preparing to deliver this year’s autumn budget, buyers, renters and developers are watching closely to see what the government will do to support the UK’s housing market. Award winning housebuilder, Hill, has reviewed early signals and industry commentary to highlight the key areas likely to have the biggest impact over the coming year, including first-time buyers, those moving up the ladder, and anyone considering a new build home.
Eloise Solari, Head of Sales, London at Hill comments:
“Many people are feeling unsure about their next move, and the budget will play a big part in shaping confidence. We’re looking for clarity on areas like stamp duty, energy efficient homes and the home buying process – not big promises, but practical steps that make things a little easier for anyone trying to move into or around the housing market.”
With the budget only days away, the housing market faces a delicate balancing act. Several likely areas of focus could have a tangible impact on buyers, according to Hill’s experts:
- Housing market uncertainty and timing
Buyer demand and developer activity have slowed ahead of the budget. If the government signals support for buyers, confidence and reservations could rise; tighter measures could further delay transactions. Buyers may want to follow announcements closely and consider the timing of their searches or reservations in light of any new policies.
- Stamp duty reform
There is speculation the government may adjust thresholds, reduce rates, or even replace the current stamp duty system. Changes could reduce upfront costs for first-time buyers or make new build homes more accessible. Buyers should monitor official details post-budget to understand how any new rules could affect affordability.
- Targeted affordability support
Policymakers may introduce measures aimed at those struggling with deposits or mortgage access, rather than broad tax relief. Support could focus on younger buyers, first-time buyers, or those purchasing energy efficient homes. Buyers in these groups should stay informed about eligibility and application windows once schemes are announced.
- Green home incentives
Energy efficiency is expected to remain a policy priority, with potential tax relief, grants or stamp duty reductions for energy efficient or low carbon homes. Beyond environmental benefits, this could reduce running costs and increase the long term value of properties. Buyers may wish to prioritise high EPC rated homes, which could be well positioned to benefit from any new support.
- Home buying process reforms
The government is exploring ways to make moving home simpler and faster, including digital conveyancing, earlier access to key property information, and steps to reduce fall throughs. These reforms could shorten completion times and give buyers greater certainty during transactions. Prospective buyers should check how these changes might influence timing and risk when reserving a property.
- Quickstart incentives
Some incentives or pilot initiatives may be implemented immediately after the budget. Early movers could benefit from pilot schemes, funding boosts or limited scope incentives before wider adoption. Buyers planning a move soon should stay alert to announcements and act promptly if early access opportunities arise.
Eloise Solari added:
“Housing policy doesn’t just shift the numbers on a balance sheet – it shapes people’s lives. This year’s budget comes at a moment when many first-time buyers are feeling stuck. Any changes that help simplify the process, improve affordability or support greener living will have a real impact on households across the country.”
Hill will be analysing the announcements on budget day and providing updates on how any changes affect buyers, renters and the new build market.
For more information on what to expect from the November budget, and what it could mean for home buyers, visit the Hill website.
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