London Daily

Focus on the big picture.
Friday, Apr 03, 2026

Budget housing boom looms as millions of buyers hit agents’ websites

Budget housing boom looms as millions of buyers hit agents’ websites

Millions of homebuyers started their property hunt within minutes of yesterday’s Budget

Rishi Sunak’s double Budget boost for the housing market sent buyers stampeding to property websites yesterday ahead of an expected spring boom.

The Chancellor confirmed in his speech yesterday that the stamp duty holiday on purchases up to £500,000 will be extended three months to the end of June saving purchasers up to £15,000 in tax.

He also revealed details of a new Government-backed mortgage guarantee scheme for buyers with only a five per cent deposit.

Within minutes of the Chancellor sitting down in the Commons millions of potential buyers began searching out new homes and mortgage deals online.

‘Immediate spike in activity’ for estate agents


Property portal Rightmove had its busiest ever day since it was founded 20 years ago with more than nine million visits.

London estate Chestertons said it saw a 25 per cent rise in enquiries compared with the previous day between 1pm and 8am this morning.

They were 37 per cent higher than the same day last week and 41 per cent up on the average so far this year.

Dominic Agace, chief executive of Winkworth, which has 60 offices across the capital said it saw a 15 per cent surge in traffic to its website yesterday afternoon.

He said: “We saw an immediate spike in activity, compared to before the Budget and the same period last week.

“Talking to our offices, some noticed a surge of interest when the stories on stamp duty and 95 per cent mortgages emerged over the past week or so.

“The stamp duty holiday extension will take the pressure off those battling to beat the deadline and the mortgage guarantee scheme is a great boost to buyers and sellers in London, particularly in a sector of the market which has struggled due to lower mortgage availability.”

North London estate agent Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “Our offices were noticeably busier following the Budget although the pick-up in activity started a week ago as so much Budget content was leaked before the big day. Many people have been making decisions for a while now.

“It’s not just a kinder-than-expected Budget for buyers and the 95 per cent government-backed mortgages which are making a difference. Further rollout of the vaccine, easing of lockdown restrictions and better weather are all playing a part.

“With the stamp duty holiday only extended for a few months, purchasers will still have to move quickly bearing in mind the present backlog in order to take advantage.”

Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “So far, we’ve had more enquires about the stamp duty holiday extension than 95 per cent mortgages but there has been interest from Help to Buy purchasers who were considering new build.

“They have paused their search because they are more interested in being able to borrow 95 per cent on an older property. We expect to see more of this and the sooner we have visibility on some 95 per cent mortgage products, the better.”

Newsletter

Related Articles

0:00
0:00
Close
Trump’s Strategic Pressure on UK Seen as Push for Stronger Alignment and Fairer Terms
UK Focuses on Trade Finance to Secure Critical Materials for Defence and Energy Sectors
Majority of UK Businesses Hit by Middle East Conflict While Confidence Holds Firm
UK Royal Navy Faces Renewed Scrutiny as Debate Intensifies Over Capability and Readiness
Reform UK Faces Mounting Distractions as Policy Agenda Struggles to Gain Traction
Investigation Launched Into Northern Cyprus IVF Clinics After UK Families Receive Incorrect Sperm
International Meeting Issues Unified Call to Safeguard Navigation Through Strait of Hormuz
Potential Strait of Hormuz Closure Raises Concerns Over UK Food and Medicine Supply Chains
UK Leads Coalition of Over Forty Nations Urging Iran to Reopen Strait of Hormuz
UK Secures Tariff-Free Access for Medicines in Landmark US Pharma Trade Agreement
King Charles III Invited to Address Joint Session of U.S. Congress in Rare Diplomatic Honor
Debate Grows Over Whether Expanded North Sea Drilling Can Reduce UK Energy Bills
UK Faces Heightened Risk of Jet Fuel Shortages, Airline Chief Warns
UK Ends Police Investigations into Lawful Social Media Posts After Review Finds Overreach
Abramovich Moves to Establish Charity for Frozen Chelsea Sale Proceeds Amid UK Dispute
Starmer Reaffirms NATO Commitment While Responding to Trump’s Strategic Critique
UK Aid Reductions Raise Fears of Severe Human Impact Across Parts of Africa
UK Signals Renewed Push for EU Cooperation as Iran Conflict Reshapes Security Landscape
Bank of England Signals Caution as Bailey Advises Markets Against Expecting Rate Hikes
UK to Convene Global Coalition to Restore Shipping Through Strait of Hormuz
Trump Signals Possible NATO Reassessment, Emphasizes Stronger U.S. Strategic Autonomy
Australia Joins British-Led Efforts to Reopen Strait of Hormuz Amid Escalating Tensions
King Charles Plans US State Visit as UK Strengthens Ties with Trump Leadership
UK Regulator Launches Investigation Into Microsoft’s Business Software Practices
Kanye West Set for High-Profile Return to UK Stage at Wireless Festival
Trump Presses Europe to Strengthen Commitment as Iran Conflict Escalates
UK to Deploy Additional Troops to Middle East Amid Rising Regional Tensions
UK Authorities Face Claims of Heavy-Handed Measures in Monitoring Released Pro-Palestine Activists
Trump Calls on UK to Secure Its Own Energy as Iran Conflict Intensifies
Nigel Farage Declines Invitation to UK Conservative Conference Led by Liz Truss
Trump Warns Allies to Take Responsibility as Rift Deepens with UK and France Over Iran Conflict
How Britain’s Prime Minister Controls U.S. Bomber Access in Escalating Iran Conflict
Trump Urges Allies to Secure Their Own Oil Supplies as Hormuz Crisis Disrupts Global Energy
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
Eli Lilly Seeks UK Pricing Deal to Unlock Renewed Pharmaceutical Investment
Three Arrested in UK After Massive Cocaine Haul Discovered Hidden in Banana Shipment
UK Fuel Prices Poised for Further Surge Amid Global Energy Pressures
Apple Subsidiary Penalized by UK Authorities for Breach of Moscow Sanctions
Western Allies Intensify Coordinated Sanctions Strategy Against Russia
UK Lawmakers Face Criticism Over Renewed Push for Social Media Restrictions
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
×