The UK housing market has entered the final part of the year on a cautious but surprisingly resilient footing, with house prices remaining unchanged in September despite continued pressure from mortgage rates, household costs and wider economic uncertainty.

For many people across England, getting onto the property ladder can feel like a difficult balancing act. Now, the Government has announced a new initiative that could change the conversation for some first-time buyers.

The UK property market is entering a more challenging period for sellers, with rising mortgage costs, increased competition and more cautious buyers putting pressure on asking prices. Recent figures from Rightmove highlight just how much market conditions are changing, with thousands of homeowners reducing their asking prices every day.

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.