The Chancellor budget announcement included several measures that directly affect homeowners, buyers, and sellers. Here is a plain-English breakdown of what matters most for property owners in Chorley and the wider Lancashire area.
Stamp Duty
The budget confirmed the stamp duty threshold changes that took effect in April 2025. While there were no further changes announced, the existing thresholds continue to affect transaction costs, particularly for first-time buyers and those purchasing second homes.
Capital Gains Tax
Changes to capital gains tax rates were announced for property disposals. If you own a second property or investment property, it is worth speaking to your accountant about the updated rates and how they might affect your plans.
Energy Efficiency
The government announced additional funding for home energy efficiency improvements. This is particularly relevant for owners of older properties in Chorley town centre and surrounding villages, where there may be grants available for insulation, heating upgrades, and renewable energy installations.
What It Means for Sellers
The overall picture for sellers remains positive. Demand continues to outstrip supply in our area, and the budget contained no measures likely to dampen buyer confidence significantly. If you are considering selling, the current market conditions remain favourable.