Autumn Budget 2026: What did Chancellor Healey announce for the housing market?
Summary
The Autumn Budget 2026 confirms higher taxation on rental income from April 2027, alongside the launch of a new first-time buyer support scheme, Your First Home, in Spring 2027. It also confirms a High Value Council Tax Surcharge on homes worth £2 million and above, plus a new First Time Buyer ISA from April 2029 and changes to Lifetime ISA withdrawal rules.
Why it matters
These measures may influence rental supply, investor behaviour, first-time buyer demand and the new-build market, all of which can affect surveyors’ instructions and market conditions. The confirmed surcharge and support schemes also have implications for valuation assumptions, affordability and client advice.
Key points
- Rental income tax for landlords will rise by a further 2 percentage points from April 2027.
- Your First Home will offer a 2.5% deposit support scheme for new-build purchases from Spring 2027.
- A High Value Council Tax Surcharge will apply to homes valued at £2 million and above from March 2028.
- A new First Time Buyer ISA is planned for April 2029, with a 25% government bonus.
- Lifetime ISA withdrawal charges will be reduced to 20% from 29 October 2026 for some savers.
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