This week’s UK Autumn Budget announcements include big changes that will impact homeowners, property investors, and people looking to buy homes. Here is a breakdown of the main updates and how they might affect you.
Mortgages
Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
