London Daily

Focus on the big picture.
Thursday, Nov 27, 2025

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
UK to Slash Key Pension Tax Perk, Targeting High Earners Under New Budget
UK Government Announces £150 Annual Cut to Household Energy Bills Through Levy Reforms
UK Court Hears Challenge to Ban on Palestine Action as Critics Decry Heavy-Handed Measures
Investors Rush Into UK Gilts and Sterling After Budget Eases Fiscal Concerns
UK to Raise Online Betting Taxes by £1.1 Billion Under New Budget — Firms Warn of Fallout
Lamine Yamal? The ‘Heir to Messi’ Lost to Barcelona — and the Kingdom Is in a Frenzy
Warner Music Group Drops Suit Against Suno, Launches Licensed AI-Music Deal
HP to Cut up to 6,000 Jobs Globally as It Ramps Up AI Integration
MediaWorld Sold iPad Air for €15 — Then Asked Customers to Return Them or Pay More
UK Prime Minister Sir Keir Starmer Promises ‘Full-Time’ Education for All Children as School Attendance Slips
UK Extends Sugar Tax to Sweetened Milkshakes and Lattes in 2028 Health Push
UK Government Backs £49 Billion Plan for Heathrow Third Runway and Expansion
UK Gambling Firms Report £1bn Surge in Annual Profits as Pressure Mounts for Higher Betting Taxes
UK Shares Advance Ahead of Budget as Financials and Consumer Staples Lead Gains
Domino’s UK CEO Andrew Rennie Steps Down Amid Strategic Reset
UK Economy Stalls as Reeves Faces First Budget Test
UK Economy’s Weak Start Adds Pressure on Prime Minister Starmer
UK Government Acknowledges Billionaire Exodus Amid Tax Rise Concerns
UK Budget 2025: Markets Brace as Chancellor Faces Fiscal Tightrope
UK Unveils Strategic Plan to Secure Critical Mineral Supply Chains
UK Taskforce Calls for Radical Reset of Nuclear Regulation to Cut Costs and Accelerate Build
UK Government Launches Consultation on Major Overhaul of Settlement Rules
Google Struggles to Meet AI Demand as Infrastructure, Energy and Supply-Chain Gaps Deepen
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Arsenal Move Six Points Clear After Eze’s Historic Hat-Trick in Derby Rout
Wealthy New Yorkers Weigh Second Homes as the ‘Mamdani Effect’ Ripples Through Luxury Markets
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
UK Unveils Critical-Minerals Strategy to Break China Supply-Chain Grip
Taylor Swift’s “The Fate of Ophelia” Extends U.K. No. 1 Run to Five Weeks
UK VPN Sign-Ups Surge by Over 1,400 % as Age-Verification Law Takes Effect
Former MEP Nathan Gill Jailed for Over Ten Years After Taking Pro-Russia Bribes
Majority of UK Entrepreneurs Regard Government as ‘Anti-Business’, Survey Shows
UK’s Starmer and US President Trump Align as Geneva Talks Probe Ukraine Peace Plan
UK Prime Minister Signals Former Prince Andrew Should Testify to US Epstein Inquiry
Royal Navy Deploys HMS Severn to Shadow Russian Corvette and Tanker Off UK Coast
China’s Wedding Boom: Nightclubs, Mountains and a Demographic Reset
Fugees Founding Member Pras Michel Sentenced to 14 Years in High-Profile US Foreign Influence Case
WhatsApp’s Unexpected Rise Reshapes American Messaging Habits
United States: Judge Dressed Up as Elvis During Hearings – and Was Forced to Resign
Johnson Blasts ‘Incoherent’ Covid Inquiry Findings Amid Report’s Harsh Critique of His Government
Lord Rothermere Secures £500 Million Deal to Acquire Telegraph Titles
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
Zelenskyy Signals Progress Toward Ending the War: ‘One of the Hardest Moments in History’ (end of his business model?)
U.S. Issues Alert Declaring Venezuelan Airspace a Hazard Due to Escalating Security Conditions
The U.S. State Department Announces That Mass Migration Constitutes an Existential Threat to Western Civilization and Undermines the Stability of Key American Allies
Students Challenge AI-Driven Teaching at University of Staffordshire
Pikeville Medical Center Partners with UK’s Golisano Children’s Network to Expand Pediatric Care
Germany, France and UK Confirm Full Support for Ukraine in US-Backed Security Plan
UK Low-Traffic Neighbourhoods Face Rising Backlash as Pandemic Schemes Unravel
×