Autumn Budget 2026 What could it mean for you and your home?

On 28 October, the Chancellor’s Autumn Budget sets out measures to ease the cost of living, support families, and help more people get onto the property ladder.

But what do the announcements mean for your household finances, your mortgage and your plans?

Here are some of the key changes worth knowing about:

One of the main announcements is a £100 Household Energy Payment for eligible households in England, expected from January 2027.

The payment will be available to households in council tax bands A to D that meet the eligibility criteria. The Government is also extending the temporary VAT cut on electricity bills until July 2027, helping to reduce energy costs.

These measures could offer some welcome breathing space for household budgets, although the overall impact will depend on individual circumstances and other living costs.

Good news for some first-time buyers.

The Budget includes plans for a new First Time Buyer ISA from April 2029, alongside an equity loan scheme designed to help eligible buyers purchase new-build homes with a smaller deposit and mortgage.

While these measures won’t help everyone immediately, they could provide additional routes into homeownership for some aspiring buyers. If you’re hoping to buy your first home, it’s worth understanding the options available now rather than relying on future schemes alone.

From April 2027, tax rates on savings and property income are due to increase by two percentage points across all tax bands.

This could affect some people with savings interest or rental income, so landlords and savers may wish to review their financial plans with an appropriately qualified tax adviser.

The Budget also introduces a new Pensions Tax Allowance from April 2027, intended to help eligible pensioners with income up to the value of the new State Pension.

What about your mortgage?

Although the Budget includes measures affecting housing and household finances, it doesn’t automatically mean mortgage rates will fall.

Mortgage pricing depends on a range of factors, including inflation expectations, swap rates, lenders’ funding costs and the wider economic outlook.

If your current mortgage deal is ending, or your monthly repayments are becoming difficult to manage, it may be worth reviewing your options. Depending on your circumstances, you may have other deals or mortgage arrangements worth exploring.

Whether you’re planning a move, approaching retirement, reviewing an interest-only mortgage or simply trying to make your household budget go further, professional advice can help you understand your options.

If you’d like to discuss your mortgage or review your protection arrangements, please get in touch.

We’re here to help you make sense of your options and find a solution that suits your circumstances.

Please note: Tax rules and eligibility criteria can change. The information above is a general summary of selected Budget announcements, not personal financial or tax advice.