The UK property market remains under close watch following confirmation from Prime Minister Andy Burnham that there will be no changes to stamp duty in this year’s Budget. Despite widespread speculation and ongoing calls for reform, the government has made it clear that altering or abolishing the tax is not currently on the agenda.

Britain’s ongoing housing shortage has once again come under the spotlight, with new research highlighting that the issue is not one of demand or land availability—but rather decades of underbuilding.

The UK property market continues to face a number of challenges, with mortgage costs, affordability, economic uncertainty and the overall cost of moving all influencing buyer and seller decisions.

The UK mortgage market is moving once again, with a number of major lenders increasing their mortgage rates as wholesale funding costs and swap rates rise. For anyone planning to buy, sell, remortgage or invest in property, this is an important development to keep an eye on.