Looking to Move in 2026? What the Budget Means for You
The November Budget brought plenty of headlines, but for anyone buying or selling in Hull and East Yorkshire, the key message is simple – no surprises, no shocks, and no Stamp Duty changes.
Don’t fancy reading it all? Here are the main takeaways:
- No changes to Stamp Duty – the market stays stable and predictable.
- Minimum wage rise boosts first-time buyer affordability, especially in Hull and East Yorkshire.
- The new “mansion tax” only applies to homes over £2m.
- A more confident, active 2026 market now the Budget uncertainty has passed.
- Value-focused buyers mean correct pricing from day one is more important than ever.
- Well-prepared homes will outperform as buyers become more selective.
- A great market for organised buyers – less competition, more negotiation room.
- Best next step: Get an accurate valuation and register for Heads Up Alerts to see homes before they hit Rightmove, Zoopla and OnTheMarket.
My Thoughts
The November Budget brought plenty of headlines, but for anyone buying or selling in Hull and East Yorkshire, the key message is simple – no surprises, no shocks, and no Stamp Duty changes.
In other words, it’s broadly business as usual for the housing market.
With clarity now in place, many of the uncertainties that were holding people back have eased. When buyers and sellers know where they stand, confidence improves – and that is exactly what this Budget delivers.
What Actually Changes – And Why It’s Positive for Home Movers
No Stamp Duty Changes – Stability for Buyers and Sellers
This is the biggest win for our local market. Many feared alterations that could have disrupted chains. Instead, the system stays exactly as it is, giving everyone confidence heading into 2026.
Minimum Wage Increase – A Boost to First-Time Buyer Affordability
A higher minimum wage puts more money into the pockets of younger buyers and local earners. In areas like Hull and the East Riding, this strengthens demand across the board.
Mansion Tax (Over £2m)
The new levy on homes above £2m starts in 2028 and affects virtually none of our area. With the odd exception, it highlights the value and affordability of our region.
What This Means for Sellers
- A more confident 2026 market now that Budget uncertainty is out of the way.
- Buyers will continue to be value-focused, so correct pricing is key.
- Prepared, well-presented homes will attract the strongest early interest.
- Moving in 2026? Planning now helps you hit the market at the right moment.
What This Means for Buyers
- A calmer market with less pressure and more room to negotiate.
- More stock coming as confidence returns.
- Register for Heads Up Alerts to see properties before they go live on Rightmove, Zoopla or OnTheMarket.
Final Word: Stability Sets Up a Stronger 2026
With no Stamp Duty changes, improved affordability through the minimum wage rise, and a stable financial backdrop, the 2026 market looks positive for both buyers and sellers.
If you’re considering a move, we can help you understand how this environment affects your home and your plans.
