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Autumn activity is returning to the property market, but affordability continues to shape decisions. We look at the latest prices, buyer demand, mortgage figures and what they mean for movers.
The UK property market could be facing another significant development, with the proposed £4.7 billion Your First Home scheme attracting attention from first-time buyers, property professionals and housebuilders alike.
The Conservatives have unveiled a series of proposals aimed at reducing taxation and regulation, with housing and housebuilding featuring prominently within their plans. The party has described the wider programme as the “biggest deregulation project in a generation”, with proposals including abolishing stamp duty on property purchases.
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.