Autumn Budget 2026: property and tax changes affecting housing and mortgages

Created Oct 29, 2026 • AI-generated summary

Mortgage Solutions roundup, published 29 October 2026, of property and tax changes in Chancellor John Healey's first Autumn Budget delivered 28 October 2026: Your First Home scheme details (£650,000 inner London price cap, income caps), doubling of the higher tax rate on savings and property income to a further 4% from April 2027, First Time Buyer ISA and LISA withdrawal penalty reduction, £1.5bn extra for affordable and social housing, bank profits surcharge raised to 6% for 15 months, Cash ISA limit retained at £20,000, OBR forecast of mortgage payments at highest share of household income since 2009 and average effective mortgage rates around 5% in 2031, and the High Value Council Tax Surcharge consultation closing ahead of a March 2028 start. Membership limited to coverage of this specific roundup of the 28 October 2026 Autumn Budget property and tax measures.