Northants, Leics &amp; Rutland


<h2 class="wp-block-heading" id="h-what-can-you-afford">What can you afford?</h2>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1000" height="667" src="https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-001.jpg" alt="Stack budget " class="wp-image-52635" srcset="https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-001.jpg 1000w, https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-001-300x200.jpg 300w, https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-001-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></figure>



<p>The most important thing is that the Budget is now done and out of the way and you can make plans knowing the overall tone of the property market. For now, at least.</p>



<p>Mortgage professionals expect rates to stabilise, with a consensus that there should still be another base rate drop to come, which will be good news for most Muddy readers on one of the most relevant decisions when it comes to buying. We don’t have a significant ‘Non-Dom’ impact in the region, so the closing of that loophole won&#8217;t have a massive impact for the vast majority of buyers.  </p>



<h2 class="wp-block-heading" id="h-what-about-schools">What about schools?</h2>



<p>VAT on school fees should not be a surprise for anyone, and those considering that as an option will likely have that factored that into their personal budgeting by now. Non-private school catchments will be increasingly important, so if you&#8217;re planning on making use of the state education system, this will, in all likelihood, have a big impact on house prices.</p>



<h2 class="wp-block-heading" id="h-will-new-inheritance-tax-rules-affect-you">Will new inheritance tax rules affect you?</h2>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1000" height="667" src="https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-003.jpg" alt="Front doors houses stacks property budget" class="wp-image-52639" srcset="https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-003.jpg 1000w, https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-003-300x200.jpg 300w, https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-003-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></figure>



<p>IHT changes may be viewed as an incentive for older family members to downsize and release cash earlier, rather than waiting until Inheritance Tax is due. This may see some desirable larger family homes  &#8211; which have been in short supply &#8211; coming to the market. Stacks have long advocated for multi-generational living as the best way to get value from your communal assets, and this is now more true than ever.</p>



<h2 class="wp-block-heading" id="h-could-your-property-be-affected-by-new-development">Could your property be affected by new development?</h2>



<p>If infrastructure and building is more of a possibility going forward, village homes located in the heart of a village, particularly with good plots that are not detrimentally overlooked, will overtake those on the edge of the village envelope in terms of desirability.  If you have one of these, you may now decide to keep the full plot to protect the house and the view (rather than sell off a garden to a developer to release the cash), as a fully developed aspect, looking at the roofs of quaint old properties, will be less likely to alter than a vista of fields.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1000" height="758" src="https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-002.jpg" alt="New development stacks property budget" class="wp-image-52637" srcset="https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-002.jpg 1000w, https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-002-300x227.jpg 300w, https://dev.muddystilettos.co.uk/northantsleicsrutland/wp-content/uploads/sites/26/2024/11/Stacks-Budget-002-768x582.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></figure>



<h2 class="wp-block-heading" id="h-first-time-buyer-boost"> First-time buyer boost</h2>



<p>More rurally, many first-time buyers and locals were being priced out from their home regions, however there may now be the chance of more lower-cost affordable housing being built, supplemented by a likely decrease in the demand for second homes due to the SDLT changes and also a potential influx of low cost stock from Buy-To-Let landlords. The matching reduction in rental properties will have its implications for another demographic of course, and that sector may still be a profitable option for landlords who can adapt and absorb the higher upfront costs, with the ‘Build To Rent’ support welcomed for the smaller building firms.</p>



<p>All in all, the fundamentals haven&#8217;t changed &#8211; do your research, buy best-in-class, and get on with the next phase in your lives.  </p>



<p>With SDLT Relief still scheduled to end in April, it looks set to be a busy winter.  Using the services of a Buying Agent like <a href="https://www.stacks.co.uk/stacks-northamptonshire/" target="_blank" rel="noreferrer noopener">Rachel Johnston</a> (Northants) and <a href="https://www.stacks.co.uk/stacks-rutland-and-the-shires/" target="_blank" rel="noreferrer noopener">Charlie Reardon</a> (Rutland and Leicestershire) is more advisable than ever – learn more about how a Property Search Agent can get you ahead of the competition at <a href="https://www.stacks.co.uk/" target="_blank" rel="noreferrer noopener">stacks.co.uk </a></p>



<p><em>Read more of our recent property features <a href="https://northantsleicsrutland.muddystilettos.co.uk/northantsleicsrutland/home/property-home/" target="_blank" rel="noreferrer noopener">here</a>.</em></p>


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