With the Chancellor set to deliver the Autumn Budget at the end of November, all eyes are on what it could mean for the UK housing market — and for local homeowners, buyers, and landlords here in North Devon.
From potential stamp duty changes to property tax adjustments, rumours are swirling, and speculation is high. So, what might be coming — and how could it affect you?
🏠 Stamp Duty – Will We See a Change?
Stamp duty has always been one of the government’s favourite levers to pull when it comes to stimulating (or cooling) the property market.
There’s growing talk of a possible stamp duty cut or extension of the threshold to encourage more movement in what’s been a slower year for sales.
If this happens, we could see:
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A short-term boost in buyer demand
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Increased competition for homes under £500,000
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Faster sales in areas like Barnstaple, Bideford, and Braunton, where many homes sit near key thresholds
💡 Our take:
Even a modest change could inject energy into the local market, helping hesitant buyers make their move before the end of the year.
🏘️ Property Taxes and Capital Gains
For landlords and investors, there’s also speculation about changes to Capital Gains Tax (CGT) or relief rules for second homes and rental properties.
If CGT rates were adjusted or relief reduced, it could lead to:
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An increase in landlords selling up before new rules apply
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A temporary rise in stock for buyers
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Fewer rental homes available longer term, potentially pushing up rents
💬 We’ve already seen some landlords in North Devon taking a “wait and see” approach, pausing new purchases until after the Budget announcement.
🏦 Mortgage and Interest Rate Outlook
The Budget won’t directly set mortgage rates — that’s the Bank of England’s job — but the Chancellor’s tone and fiscal decisions can influence them.
If the Budget gives lenders more confidence in the wider economy, we could see:
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Slightly lower fixed-rate deals coming to market
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More stability for first-time buyers
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A calmer, more predictable lending environment
That said, with rates still above 4.5%, affordability remains the key challenge for most households.
🌍 The Local Picture – What It Means for North Devon
In areas like Barnstaple, Ilfracombe, South Molton, and Torrington, we expect any Budget boost to show up first among first-time buyers and movers.
However, the real difference will come from confidence — if people feel positive about the market, they’re more likely to take the leap.
If the Budget reassures buyers and landlords, we could see:
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More listings before Christmas
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Increased viewing activity in December and January
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A stronger spring market in 2026
💬 Our Advice – Don’t Wait for Certainty
Markets move fastest when people stop waiting.
If you’re planning to buy, sell, or invest soon, it’s worth getting advice before the Budget rather than after.
That way, you can:
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Secure mortgage deals before any changes
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Prepare your property for a faster sale
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Take advantage of any immediate uplift in demand
📍 Stay Ahead with Collyers
As North Devon’s award-winning estate and letting agents, we’ll be keeping a close eye on the Autumn Budget and sharing how it impacts our local market as soon as details are confirmed.
If you’d like tailored advice for your situation – whether you’re selling, buying, or letting – we’re happy to help.
