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  • Affordable Homes Rise, But Mortgage Rates Limit Buyers

    Affordable Homes Rise, But Mortgage Rates Limit Buyers

    The UK housing market is witnessing a shift as more two and three-bedroom homes become affordable for average-income households. Recent research indicates that a significant portion of these homes is now within reach, an increase from last year. However, this rise in affordability does not translate to increased buyer activity, as average mortgage rates have climbed, leading to a decrease in sales agreed compared to the previous year.

    TL;DR: A significant portion of two and three-bedroom homes are now affordable for average earners; however, rising mortgage rates have led to a drop in buyer activity.

    Why Are More Homes Becoming Affordable?

    The increase in affordability for two and three-bedroom homes can be attributed to various market dynamics, including a shift in property prices and a potential slowdown in demand. With more homes falling within the financial reach of average earners, one might expect a surge in buyer interest. Unfortunately, the reality is more complex, as rising mortgage rates have dampened enthusiasm among potential buyers.

    How Do Rising Mortgage Rates Impact Buyers?

    As mortgage rates increase, the cost of borrowing rises, making it more challenging for buyers to secure financing for their home purchases. Higher rates mean larger monthly payments, which can deter potential buyers, even when property prices are more accessible. This situation creates a paradox where affordability rises, but buyer activity declines due to increased financial strain.

    What This Means for First-Time Buyers

    First-time buyers, who often rely on affordable housing options, may find themselves in a difficult position. While the increase in affordable homes is promising, the higher mortgage rates could make it harder for them to enter the market. As sales figures continue to lag, it’s essential for first-time buyers to stay informed about market trends and consider their financing options carefully.

    Frequently asked questions

    What should first-time buyers consider in this market?

    First-time buyers should assess their financial situation, explore various mortgage options, and stay updated on market trends to make informed decisions.

    Are there any strategies to cope with rising mortgage rates?

    Potential buyers can consider fixed-rate mortgages to lock in lower rates, increase their deposit to reduce borrowing amounts, or explore government assistance programs.

  • Mortgage Market Update: Claims Drop and Rise in 2026

    Mortgage Market Update: Claims Drop and Rise in 2026

    Recent data reveals a significant decline in mortgage possession claims while landlord possession claims have seen an increase. This shift in the mortgage market is important for borrowers and landlords alike, indicating changing dynamics in property ownership and rental markets.

    TL;DR: Mortgage possession claims fell by 20% to 5,232 in Q2 2026, while landlord claims rose by 6% to 23,635; this affects both homeowners facing repossession and landlords navigating tenant issues.

    What are the latest trends in mortgage possession claims?

    In the second quarter of 2026, mortgage possession claims dropped from 6,539 to 5,232, marking a notable 20% decrease compared to the same quarter in 2025. Similarly, mortgage orders for possession fell by 17% to 3,651, and warrants issued decreased by 18% to 3,101. Repossessions also saw a decline, down 14% to 1,008. Despite these decreases, the median time from claim to repossession rose to 49.1 weeks, up from 42.9 weeks the previous year, indicating that while fewer claims are being made, the process is taking longer.

    Which areas are most affected by mortgage claims?

    Geographically, the fall in mortgage claims was observed across most regions, with Westminster recording the highest rate at 344 claims per 100,000 households with a mortgage. Notably, London boroughs dominated the list of local authorities with the highest rates of mortgage claims and repossessions. Fylde had the lowest rate at 9.5 claims per 100,000 households. Interestingly, 47 out of 318 local authorities reported no repossessions by county court bailiffs during this period, suggesting some stability in certain areas.

    How are landlord possession claims changing?

    In contrast to mortgage claims, landlord possession claims increased from 22,352 to 23,635, reflecting a 6% rise compared to the same quarter in 2025. Within this category, accelerated claims rose by 16%, while private landlord claims increased by 5%. However, social landlord claims saw a slight decrease of 3%. The overall trend for landlord possession claims has fluctuated since peaking at 25,402 in Q3 2024, but the latest figure indicates a slight recovery in landlord actions.

    What this means for landlords and borrowers in the mortgage market

    For landlords, the increase in possession claims signals a growing number of tenants potentially facing eviction, particularly in London, where landlord claims accounted for a significant portion of the total. This trend may compel landlords to reassess their tenant management strategies and consider the implications of the recently enacted Renters’ Rights Act (RRA), which came into force on 1 May 2026. For borrowers, the decline in mortgage possession claims may provide some relief, but the rising timeline for repossessions suggests that those facing financial difficulties may still experience prolonged uncertainty. Borrowers should remain vigilant and consider exploring options such as current mortgage rates to better manage their financial situations.

    Frequently asked questions

    What factors are contributing to the rise in landlord possession claims?

    The increase in landlord possession claims can be attributed to a combination of rising rental arrears and changes in tenant circumstances, particularly in urban areas like London where demand and supply dynamics are in flux.

    How can borrowers protect themselves from mortgage repossession?

    Borrowers facing potential repossession should communicate proactively with their lenders, seek financial advice, and explore options such as remortgaging or government support schemes to manage their mortgage obligations effectively.

  • Mortgage Market Update: Possession Claims Shift

    Mortgage Market Update: Possession Claims Shift

    The latest figures reveal a significant decline in mortgage possession claims, while landlord possession claims have seen a rise. This shift in the mortgage market indicates changing dynamics for borrowers and landlords alike, highlighting the evolving challenges in property ownership and rental markets.

    TL;DR: Mortgage possession claims decreased by 20% to 5,232, while landlord possession claims increased by 6% to 23,635; this reflects contrasting trends affecting both homeowners and landlords.

    What are the latest trends in the mortgage market?

    According to recent data, mortgage possession claims have dropped significantly, falling from 6,539 in the same quarter last year to 5,232. This 20% reduction is accompanied by a 17% decrease in mortgage orders for possession, which now stand at 3,651, and an 18% decline in warrants issued, down to 3,101. Repossessions also fell by 14%, totaling 1,008.

    Despite the decrease in claims, the median average time from claim to repossession has increased to 49.1 weeks, up from 42.9 weeks in the previous year, marking the highest level since late 2023. This extended timeline may create uncertainty for homeowners facing financial difficulties.

    Which areas are most affected by mortgage claims?

    Westminster has recorded the highest rate of mortgage claims, with 344 claims per 100,000 households owning a mortgage or loan. Notably, London boroughs dominate the list, with eight of the ten local authorities experiencing the highest rates of mortgage claims. In contrast, Fylde has the lowest rate, at just 9.5 claims per 100,000 households.

    Westminster also leads in mortgage repossessions, with 65 per 100,000 households. Interestingly, 47 out of 318 local authorities reported no repossessions by county court bailiffs during this period, indicating a varied impact across the UK.

    How are landlord possession claims changing?

    In contrast to mortgage claims, landlord possession claims have risen by 6%, from 22,352 to 23,635. Among these, accelerated claims increased by 16%, while private landlord claims rose by 5%. Social landlord claims, however, saw a slight decline of 3%.

    Landlord possession claims have generally trended upwards since the second quarter of 2021, peaking at 25,402 in the third quarter of 2024. The latest data shows a slight decrease from that peak, with the average time from claim to landlord repossession decreasing to 27.1 weeks.

    What this means for landlords and borrowers in the mortgage market

    The contrasting trends in possession claims suggest that while homeowners may be facing fewer immediate threats of repossession, landlords are experiencing increased pressure. For landlords, especially in London where 33% of landlord claims originated, the rising possession claims may indicate a growing number of tenants struggling to meet rental obligations, potentially due to economic pressures or changes in rental laws.

    The implementation of the Renters’ Rights Act on May 1, 2026, may also influence landlord claims moving forward, as it could alter the market of tenant rights and obligations. Landlords should remain vigilant and consider how these legislative changes may impact their rental strategies.

    For borrowers, the decline in mortgage possession claims may provide some reassurance, but the longer timelines for repossession could mean that those facing difficulties will have more time to seek solutions before losing their homes. It’s important for borrowers to stay informed about their rights and options in this evolving mortgage market.

    Frequently asked questions

    What factors are contributing to the decline in mortgage possession claims?

    The decline in mortgage possession claims can be attributed to various factors, including improved financial support for homeowners, changes in lending practices, and a general stabilisation in the housing market.

    How should landlords prepare for potential changes in possession claims?

    Landlords should stay informed about legislative changes, such as the Renters’ Rights Act, and consider reviewing their tenant screening processes and rental agreements to mitigate risks associated with rising possession claims.

  • Mortgage Market Update: Claims Fall, Landlord Issues Rise

    Mortgage Market Update: Claims Fall, Landlord Issues Rise

    The latest data reveals a significant decline in mortgage possession claims, with a 20% drop compared to the same quarter last year. This shift indicates a stabilising mortgage market for homeowners, while landlord possession claims have seen a notable increase, suggesting ongoing challenges in the rental sector.

    TL;DR: Mortgage possession claims fell by 20% to 5,232, signalling a positive trend for borrowers; however, landlord possession claims rose by 6% to 23,635, highlighting ongoing pressures in the rental market.

    What are the latest trends in the mortgage market?

    According to recent statistics, mortgage possession claims have decreased from 6,539 in the same quarter of 2025 to 5,232 in 2026. This 20% reduction is accompanied by a 17% drop in mortgage orders for possession, which fell to 3,651, and an 18% decrease in warrants issued, now at 3,101. Repossessions also declined by 14%, totalling 1,008. This trend is encouraging for homeowners, as it suggests fewer individuals are facing repossession, reflecting a potentially stabilising mortgage market.

    Which regions are most affected by mortgage claims?

    The decline in mortgage possession claims has been observed across most regions, with Westminster recording the highest rate at 344 claims per 100,000 households with a mortgage. Notably, London boroughs dominate the list of areas with the highest rates of mortgage claims and repossessions. In contrast, Fylde reported the lowest rate of claims at just 9.5 per 100,000 households. The median time from claim to repossession has increased to 49.1 weeks, the highest since late 2023, indicating that while claims are down, the process may be taking longer.

    How are landlord possession claims changing?

    In contrast to mortgage claims, landlord possession claims have risen by 6%, climbing from 22,352 to 23,635 compared to the same quarter in 2025. This increase is primarily driven by a 16% rise in accelerated claims and a 5% increase in private landlord claims, while social landlord claims decreased by 3%. Despite the recent uptick, landlord possession claims are still lower than the peak of 25,402 observed in the third quarter of 2024.

    What does this mean for landlords and borrowers in the mortgage market?

    The decline in mortgage possession claims is a positive sign for borrowers, suggesting improved financial stability among homeowners. However, the rise in landlord possession claims indicates ongoing challenges for landlords, particularly in London, where 33% of landlord claims and 31% of orders originated. The implementation of the Renters’ Rights Act on May 1, 2026, may further influence the rental market dynamics, potentially leading to increased scrutiny and regulation of landlord practices. Landlords should remain vigilant about their rights and responsibilities under the new legislation, while borrowers can take comfort in the reduced risk of repossession.

    Frequently asked questions

    What are mortgage possession claims?

    Mortgage possession claims occur when lenders seek to repossess a property due to the borrower failing to meet mortgage repayment obligations. This process can lead to court orders and, ultimately, repossession of the property.

    How does the Renters’ Rights Act affect landlords?

    The Renters’ Rights Act, effective from May 1, 2026, aims to enhance tenant protections and may impose additional responsibilities on landlords. This could include stricter regulations on eviction processes and improved tenant rights.

  • Coventry BS and Rely Cut Mortgage Rates: Key Updates

    Coventry BS and Rely Cut Mortgage Rates: Key Updates

    Coventry Building Society and Rely have announced reductions in their mortgage rates, impacting both residential and buy-to-let (BTL) borrowers. These changes, with cuts of up to 0.15% for residential mortgages and up to 0.25% for BTL loans, provide new opportunities for borrowers seeking competitive rates.

    TL;DR: Coventry BS has reduced rates by up to 0.15% for residential mortgages and Rely by up to 0.25% for BTL; this offers first-time buyers and landlords better financing options.

    What are the recent changes in mortgage rates?

    Coventry Building Society has introduced a two-year fixed deal at 90% loan to value (LTV) with a £999 fee and £500 cashback for first-time buyers, now priced at 4.98%. Additionally, they offer a fee-free five-year fix at 75% LTV for limited company BTL remortgages on properties with an Energy Performance Certificate (EPC) rating of A to C, set at a rate of 5.41%.

    How do these mortgage rate changes affect landlords?

    For landlords, Rely, a specialist BTL lender under the OSB Group, has reduced rates significantly. Their one-year fixed mortgage at 75% LTV now stands at 3.83% with a 3% fee, while the two-year fixed option at 55% LTV is priced at 3.51% with a 5% fee. The five-year fixed equivalent is now available at 4.68%. These reductions make it more affordable for landlords to finance their properties, potentially improving cash flow.

    What this means for first-time buyers seeking mortgage rates

    First-time buyers can particularly benefit from Coventry’s new offerings. The 4.98% rate on the two-year fixed deal with cashback is competitive, making it easier for new entrants to the property market. The reduced fees and cashback incentives may also alleviate some of the financial burdens associated with purchasing a home.

    How can I compare the latest mortgage rates?

    To find the best mortgage rates, consider using online tools for mortgage rate comparison, consulting with mortgage brokers, and reviewing offers from various lenders to ensure you secure the most advantageous deal.

    Frequently asked questions

    What should I consider before applying for a mortgage?

    Before applying, assess your financial situation, including your credit score, income stability, and the overall cost of the mortgage, including fees and interest rates.

    How can I compare different mortgage rates effectively?

    You can compare mortgage rates by using online comparison tools, consulting with mortgage brokers, and reviewing offers from various lenders to find the best deal for your needs.

  • Paragon Launches Bridging Finance Proposition

    Paragon Launches Bridging Finance Proposition

    Paragon has announced the appointment of Sanders and Patel to spearhead its new bridging finance initiative, a strategic move aimed at diversifying its offerings. This development is significant as it introduces a fresh option for intermediaries and clients looking for bridging solutions, enhancing competition in the market.

    TL;DR: Paragon has appointed Sanders as managing director and Patel as commercial director to launch a bridging finance proposition; this initiative will benefit intermediaries and clients seeking flexible financing options.

    Who are the key figures behind this initiative?

    Sanders takes on the role of managing director for Paragon Bridging Finance, where he will oversee the business’s development. Patel, with over 20 years of experience in specialist finance, will serve as the commercial director. Their combined expertise is expected to drive the bridging proposition’s success, particularly as they pilot it with select intermediaries in late 2026.

    What is the timeline for the bridging finance launch?

    The bridging finance proposition will be piloted with a chosen group of intermediaries in the final quarter of 2026, with a full market launch anticipated in 2027. This phased approach allows Paragon to refine its offerings based on feedback and market demands before a wider rollout.

    What does this mean for intermediaries and clients?

    This new bridging finance offering is part of Paragon’s broader strategy to diversify its product range. For intermediaries already placing buy-to-let or development finance business with Paragon, this creates additional opportunities to meet client needs with a flexible financing solution. Clients seeking bridging finance will benefit from the backing of a FTSE 250 lender, which promises agility and a long-term commitment to service.

    What impact will this have on the bridging finance market?

    The introduction of Paragon’s bridging finance proposition is expected to enhance competition in the market. By providing intermediaries with more options, it may lead to better terms and conditions for borrowers. As the bridging finance sector evolves, stakeholders should keep an eye on how Paragon’s entry influences pricing, service delivery, and overall market dynamics.

    Frequently asked questions

    What is bridging finance?

    Bridging finance is a short-term loan used to bridge the gap between a financial need and a longer-term solution. It is often used in property transactions to secure funding quickly.

    How can intermediaries benefit from Paragon’s new offering?

    Intermediaries can access a new range of bridging finance solutions that complement existing buy-to-let and development finance options, potentially enhancing their service offerings to clients.

  • Key Mortgage Market Updates: August 2026

    Key Mortgage Market Updates: August 2026

    The UK mortgage market is experiencing significant shifts as recent developments impact borrowers, landlords, and investors. Notably, Prime Minister Andy Burnham has confirmed that there will be no changes to stamp duty in the upcoming autumn Budget, while Aldermore has increased its maximum loan-to-value (LTV) ratio to 98%, providing more options for borrowers.

    TL;DR: Aldermore has raised its maximum LTV to 98%, benefiting employed borrowers; meanwhile, Prime Minister Burnham rules out stamp duty changes, impacting future property purchases.

    What are the latest changes in the mortgage market?

    This week has seen several noteworthy updates in the mortgage sector. Aldermore’s new residential mortgage proposition now allows a maximum LTV of 98% for employed borrowers, which is a significant increase aimed at supporting those with complex financial situations. This change could facilitate homeownership for many who previously struggled to secure funding.

    How will the stamp duty decision affect buyers?

    With Prime Minister Burnham ruling out any changes to stamp duty in the autumn Budget, potential homebuyers can expect the current tax structure to remain unchanged for the foreseeable future. This decision is important as it provides clarity for buyers and investors who may have been anticipating alterations to the tax that could affect their purchasing power.

    What does the mortgage rate market look like?

    In response to ongoing economic pressures, several lenders, including Halifax, BM Solutions, TSB, and Leeds Building Society, are raising selected mortgage rates by up to 20 basis points. This adjustment reflects the increasing funding costs that lenders are facing. Borrowers should be aware that some competitive mortgage deals may soon disappear as lenders adjust their pricing in light of these changes.

    What this means for borrowers and investors

    For borrowers, the increase in Aldermore’s maximum LTV offers a new opportunity, especially for those with complex financial situations. However, the rise in mortgage rates may limit options for some, making it essential for borrowers to act quickly before rates increase further. Investors should monitor these changes closely, as the stamp duty decision and fluctuating mortgage rates will influence property investment strategies and potential returns.

    Frequently asked questions

    What impact does the LTV increase have on first-time buyers?

    The increase to a 98% LTV by Aldermore allows first-time buyers to secure mortgages with smaller deposits, making it easier for them to enter the property market.

    Will the unchanged stamp duty affect property prices?

    While the stamp duty remains unchanged, it may lead to stability in property prices as buyers can plan their budgets without the uncertainty of potential tax changes.

  • Mortgage Market Update: July House Price Growth Slows

    Mortgage Market Update: July House Price Growth Slows

    The UK mortgage market is experiencing a slowdown in house price growth as economic uncertainty continues to loom. According to the latest House Price Index from Nationwide, annual house price growth decreased to 1.8% in July, down from 2.2% in June. This trend reflects a broader stagnation in housing market activity, which may impact both buyers and investors.

    TL;DR: House price growth slowed to 1.8% in July, indicating a cooling UK mortgage market; this affects potential buyers and investors as uncertainty persists.

    What are the latest house price figures in the mortgage market?

    In July, the average UK house price reached £277,542, a slight increase from £277,484 in June. On a seasonally adjusted basis, prices rose by just 0.1%, following a period of flat growth. This modest increase suggests that while prices are not falling, the momentum in the market is waning, which may concern potential homebuyers and investors.

    How long are people staying in their homes?

    Nationwide’s research indicates that homeowners are now spending an average of 14 years in their properties. This figure varies significantly by housing tenure; homeowners who own outright typically remain in their homes for about 24 years, while private renters average around five years. This trend suggests a shift in housing stability among homeowners, while renters may find themselves moving more frequently due to market conditions.

    What does this mean for buyers and investors in the mortgage market?

    The slowdown in house price growth could present both challenges and opportunities for buyers and investors in the mortgage market. For first-time buyers, the current economic uncertainty may lead to more cautious lending practices, making it essential to keep an eye on mortgage rate comparisons and available options. Investors might find that the subdued growth allows for better negotiation on property prices, potentially leading to more favourable investment opportunities.

    What factors are influencing the mortgage market?

    Geopolitical tensions, particularly the ongoing conflict between Iran and the US, have contributed to rising energy prices and market interest rates. The Bank of England’s recent decision to hold interest rates steady for the fifth consecutive meeting indicates a cautious approach amidst these pressures. While consumer price inflation has declined, the potential for renewed volatility in interest rates remains a concern for those in the mortgage market.

    Frequently asked questions

    How can I stay informed about mortgage rates?

    Staying updated on current mortgage rates is important for making informed decisions. Regularly checking reliable financial news sources and mortgage comparison websites can provide insights into rate changes.

    What should I consider before moving?

    Before moving, consider your current housing tenure and how long you plan to stay in a new property. Evaluate market conditions, potential mortgage rates, and your financial situation to determine the best timing for a move.

  • Key Mortgage Market Updates: August 2026 Insights

    Key Mortgage Market Updates: August 2026 Insights

    The UK mortgage market is experiencing significant shifts, with key updates impacting borrowers, lenders, and investors alike. Recent announcements from industry leaders and government officials highlight changes in lending practices and market conditions that could affect future borrowing decisions.

    TL;DR: Aldermore has increased its maximum loan-to-value (LTV) to 98%, benefiting employed borrowers; meanwhile, Prime Minister Andy Burnham has ruled out any changes to stamp duty in the upcoming budget, maintaining the current tax structure.

    What are the latest developments in the mortgage market?

    Recent data from the mortgage sector reveals a dynamic market. Aldermore has revamped its residential mortgage offerings, raising the maximum LTV to 98% for employed borrowers. This change is particularly noteworthy as it allows buyers with smaller deposits to access home loans more easily, potentially stimulating demand in the housing market.

    Additionally, the Bank of England has maintained the base rate at 3.75%, with the Monetary Policy Committee voting 6-3 to keep rates unchanged. This decision comes amid ongoing inflation concerns, particularly related to energy prices and geopolitical tensions in the Middle East. The stability of the base rate may provide some reassurance to borrowers, but rising mortgage rates could still pose challenges.

    How do recent rate changes affect borrowers and investors?

    Several lenders, including Halifax, BM Solutions, TSB, and Leeds Building Society, have announced increases in selected mortgage rates by up to 20 basis points. These adjustments impact residential, remortgage, and buy-to-let products, reflecting the ongoing pressure from higher funding costs. Borrowers should be aware that competitive mortgage deals may become less available as lenders adjust their pricing strategies.

    Moreover, the latest figures show that net mortgage lending more than doubled from May to June, reaching £7.7 billion. This increase in lending and a slight uptick in mortgage approvals for house purchases suggest a potential recovery in buyer confidence, despite the challenges posed by higher borrowing costs.

    What does the current market mean for first-time buyers?

    For first-time buyers, the increase in Aldermore’s maximum LTV to 98% is a significant development. This change allows those with limited savings to enter the housing market more easily, potentially increasing competition for available properties. However, with house price growth slowing to 1.3% and the average property in London forecasted to lose further value, buyers should remain cautious and consider realistic pricing strategies.

    Additionally, the lack of planned changes to stamp duty by the government means that first-time buyers will continue to navigate the existing tax market without the benefit of new incentives or reliefs. This stability may help some buyers plan their finances more effectively.

    Frequently asked questions

    What is the impact of the Bank of England’s base rate decision?

    The Bank of England’s decision to hold the base rate at 3.75% provides some stability for borrowers, but rising mortgage rates from lenders indicate that borrowing costs may still increase. Borrowers should monitor their mortgage options closely as lenders adjust their rates.

    How can first-time buyers benefit from the new LTV changes?

    With Aldermore raising its maximum LTV to 98%, first-time buyers can secure mortgages with smaller deposits, making homeownership more accessible. However, they should remain vigilant about overall market conditions and pricing trends.

  • No Changes to Stamp Duty: Implications for the Mortgage Market

    No Changes to Stamp Duty: Implications for the Mortgage Market

    The UK Prime Minister, Andy Burnham, has confirmed that there will be no changes to stamp duty in the upcoming autumn budget. This announcement is significant for the mortgage market, particularly for potential homebuyers and investors who have been awaiting clarity on this tax.

    TL;DR: Prime Minister Andy Burnham has ruled out any changes to stamp duty in the next budget; this decision may impact buyer confidence and market activity.

    What Did Burnham Say About Stamp Duty?

    During a recent press briefing, Burnham was asked about the possibility of reforming or abolishing stamp duty. He firmly stated, “That won’t be happening,” indicating that the government is not planning any substantial changes to this tax in the near future. He emphasized the government’s focus on making taxation fairer, but did not elaborate on specific reforms.

    How Does This Affect the Mortgage Market?

    The decision to maintain the current stamp duty structure may disappoint those in the property industry who argue that abolishing the tax would enhance market fluidity. Simon Gerrard, chairman of Martyn Gerrard Estate Agents, pointed out that stamp duty can deter homeowners from moving, leading to stagnation in the market. This stagnation can have broader economic implications, as fewer transactions may hinder overall economic activity.

    What This Means for Homebuyers and Investors

    For homebuyers and investors, the lack of clarity around potential stamp duty reforms has created uncertainty. Gerrard noted that the ongoing speculation about its abolition has caused delays in transactions, with some buyers pausing agreements due to fears of incurring high stamp duty costs before any potential changes. This situation highlights the need for clear communication from the government to restore confidence in the property market.

    Frequently asked questions

    Will stamp duty be abolished in the near future?

    No, Prime Minister Andy Burnham has confirmed that there will be no changes to stamp duty in the upcoming budget.

    How does stamp duty impact the mortgage market?

    Stamp duty can deter buyers from moving, affecting property transactions and overall market activity, which may influence mortgage lending.