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Spring Statement 2025: What It Means for You

  • Writer: The Cedar Crest Team
    The Cedar Crest Team
  • Mar 26
  • 2 min read

Chancellor Rachel Reeves has delivered the Spring Statement 2025, outlining key economic and housing measures that will impact homeowners, buyers, and mortgage holders. Here’s what you need to know.

 

Mortgage Rates and Housing Market


  • No Immediate Rate Changes: While the Bank of England’s base rate remains steady, homeowners and buyers should stay alert to potential shifts later this year.

  • House Price Trends: The government’s push for 1.3 million new homes over the next five years could help stabilise property prices, but high interest rates may still pose affordability challenges.




  • Support for First-Time Buyers: No new schemes were introduced, but existing incentives like Help to Buy and First Homes remain in place for eligible buyers.



Tax Implications for Homeowners


  • Stamp Duty Unchanged: There were no changes to Stamp Duty rates, meaning buyers will still face the same thresholds when purchasing property. For more details on Stamp Duty Land Tax rates for Residential and Buy To Let buyers, click here.

  • Stealth Tax Concerns: Income tax thresholds remain frozen until 2028, meaning many homeowners could be pushed into higher tax brackets as wages rise.


Affordability and Cost of Living


  • Energy Bills & Living Costs: The Chancellor did not extend support for energy bills, meaning households may continue to feel financial strain.

  • National Insurance & Tax Adjustments: While no direct tax hikes were announced, the freeze on tax thresholds means many workers and retirees will pay more over time due to ‘fiscal drag.’


What This Means for You


If you are considering buying, remortgaging, or moving home, it’s essential to review your financial strategy in light of these developments. With rising costs and a shifting mortgage landscape, expert advice is more valuable than ever.


For tailored mortgage and financial guidance, reach out to the Cedar Crest team today.




Cedar Crest Ltd – telephone UK T: +44 (0) 203 883 1017,

UK (For Cantonese and Mandarin enquiries):

+44 (0) 7888 431091 

+44 (0) 7724 344788 

HK T: +852 6645 4462 

SINGAPORE: +65 8363 9221


Your home may be repossessed if you do not keep up with repayments.

 

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