See below the highlights from todays budget: 

Help with household bills

One of the biggest announcements was a £100 Household Energy Payment for eligible households in England in Council Tax bands A to D. Payments are expected to begin in January 2027.

The government has also extended the temporary VAT reduction on domestic electricity until July 2027, which is expected to save households around £50 on their annual energy bills.

Good news for first-time buyers

There was some positive news for those hoping to get onto the property ladder.

The government has announced a new £4.7 billion Your First Home Scheme, designed to help approximately 70,000 first-time buyers purchase a home.

The scheme will offer eligible buyers a government equity loan of up to 20%, helping reduce the deposit and mortgage they need. Applications are expected to open in February 2027, with the first loans available from April.

A new First Time Buyer ISA is also planned for April 2029, offering a 25% government bonus on qualifying savings.

More affordable homes

The Budget also included an additional £1.5 billion investment in social and affordable housing, which is expected to help deliver around 10,000 additional homes across England.

This takes the government's total planned investment in social and affordable housing to more than £40 billion over ten years.

Important changes for landlords

Landlords will want to pay particular attention to one of the Budget's biggest property-related announcements.

From April 2027, income tax rates on rental property income will increase by two percentage points across all tax bands.

This means basic-rate taxpayers will pay 24%, higher-rate taxpayers 44% and additional-rate taxpayers 49% on property income.

These changes could influence decisions for landlords considering whether to retain, sell or expand their property portfolios.

Fuel and everyday costs

There was also some welcome news for motorists, with the existing 5p fuel duty cut and freeze extended until July 2027.

The government has also announced plans to remove standing charges from domestic gas bills by the end of 2027, helping households with their everyday energy costs.

What does this mean for the property market?

As always, a Budget can influence confidence and decision-making across the property market.

Support for first-time buyers could help more people take their first steps towards homeownership, while changes to landlord taxation may prompt some investors to review their portfolios.

For anyone considering buying or selling, the key is to understand how these changes may affect your individual circumstances.