OnTheMarket’s latest Property Sentiment Index suggests that confidence in government housing policy is weak ahead of the Autumn Budget, with many movers and the wider public believing recent policy has harmed the property market. At the same time, expectations of higher borrowing costs have increased, although most active buyers still say they are confident they can fund a purchase.
New research cited by Yopa suggests that many first-time buyers are making significant personal and financial sacrifices to save for a deposit, with a majority reporting a negative impact on quality of life. The article also notes that the Government has announced a new first-time buyer scheme, with further details expected in the upcoming Budget.
The article discusses LMS and its senior figure Matt Hahn as a key driver behind efforts to modernise home buying and selling in England and Wales. It highlights the National Property Transaction Network (NPTN), which aims to bring brokers, lenders, agents and conveyancers onto a shared digital platform and support forthcoming government reforms.
