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First-time buyer? Three things to look out for in the Autumn budget

Oct 13, 2024

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  • LISA: If you're planning to use a lifetime ISA (LISA): The £450k purchase cap for first-time buyers hasn’t increased since 2017. Will this cap be raised?


  • STAMP DUTY: The exemption threshold for first-time buyers is currently £450k, but is due to drop back to £300k in March 2025. Will this first-time buyers relief be extended past March?


  • MORTGAGE GUARANTEE SCHEME: There may be more info revealed about this scheme which could see the Government guaranteeing mortgages in an effort to encourage more lenders to offer low deposit mortgages

Oct 13, 2024

1 min read

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6

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