Budget 2018: How will homebuyers, homeowners, tenants and landlords be affected?

Oct 30th 2018

Here is a roundup of the Budget headlines relating to the property industry and the housing market.

In essence, more help for first-time buyers and plans for homes on the High Street, most first-time buyers of shared ownership properties will now no longer pay stamp duty, and the Help to Buy scheme is to end in 2023 – an extension of two years.

Chancellor Philip Hammond’s 2018 Budget in full – here are the supporting and related documents.  Gov.UK

Budget 2018: 24 things you need to know. Here’s the Government’s summary of what was announced.  Gov.UK

What does the Autumn Budget 2018 hold for housing?  ARLA (Association of Residential Letting Agents)

Mortgage industry reacts to Budget 2018   Mortgage Strategy

Buy-to-let landlords are hit in Budget with capital gains tax exemption restrictions.  What Investment

Damp squib of a Budget and no fireworks as Hammond delivers little on housing.  Property Industry Eye

Tax break for landlords to be axed in rule change that scraps ‘lettings relief’ for those who rent out their former home.  Daily Mail

From single parents to landlords: how will the budget affect people?  The Guardian

How will homebuyers and homeowners be affected by the Budget? Here’s what’s changed.  Your Mortgage

What the 2018 Budget means for housing: extension of Help to Buy, stamp duty cut for shared ownership and a boost to council house building.  Homes & Property

Summary of Budget 2018: Key points at-a-glance.  BBC

Budget 2018: What do the housing measures mean?  BBC