Chancellor Kwasi Kwarteng’s mini-Budget in September brought a flurry of new stamp duty thresholds for first-time buyers (FTBs) on a permanent basis. In addition, stamp duty was eradicated for purchases of land and buildings for commercial or new residential development. Now that the measures have further bedded into
Brokers have named rate rises, supply of housing and income multiples as top concerns among their clients. Last week, the Bank of England increased the base rate by another 25 basis points to 1%, the highest level since 2009. The increase also marked the fourth base rate rise since December 2021. The BoE’s