Autumn Budget 2024 | Key Takeaways for Homebuyers and Investors

The Autumn Budget, presented by Chancellor Rachel Reeves,brings significant changes that impact homeowners, landlords, and potentialbuyers. Here’s what it means for you.

Stamp Duty Surcharge Increase

The stamp duty surcharge on second homes and investment properties is increasing from 3% to 5%, effective tomorrow. For investors, this change highlights the importance of strategic planning. Contact Mortgage Tribe to discuss how this might influence your property investment plans.

Affordable Housing Investment

The government is committing £5bn to increase affordable housing, including a£3.1bn boost to the Affordable Homes Programme. This is promising news for first-time buyers and those looking to secure a new build. If you’re entering the property market, reach out to Mortgage Tribe for expert advice on mortgage options.

Safety Improvements for Existing Properties

A£1bn budget has been set aside to remove dangerous cladding, addressing safety concerns raised by the Grenfell Inquiry. This measure provides peace of mind for those considering flats or high-rise buildings. If you’re uncertain how these updates affect your property portfolio plans, Mortgage Tribe is here to guide you.

Book an Assessment with Mortgage Tribe

‍Want to explore how these budget changes could shape your mortgage journey? Book an assessment with Mortgage Tribe to get tailored advice on buying, refinancing, or remortgaging. We’re ready to support you in navigating today’s dynamic property market.

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