The incoming government has spoken of multiple policies that could impact homeowners, first-time buyers and landlords.

There are some challenging circumstances in the UK market: we face a shortage of affordable homes for first time buyers, and interest rates are still high, stifling house price growth and overall property sales.

Slowing inflation could lead to lower interest rates, but experts all agree that government help will be key to address issues such as property supply, and to create a fairer housing market where deposits are affordable once more.

There is no doubt that the new government has some ambitious plans: The Freedom to Buy scheme, one of Labour’s flagship housing policies, aims to get 80,000 young people onto the housing ladder. And in its manifesto, Labour also pledged to build 1.5 million new homes to boost supply and reduce prices.

We’ve been reading a useful overview of the potential impact that the new government’s plans will have from the team at MoneyWeek, and you can find out more too by following this link here.

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