Chancellor Philip Hammond will today unveil the Autumn Budget – but what will the document contain for the mortgage and property markets?
Hammond is keeping most of his cards close to his chest, but he has made several announcements already.
The Budget will lay out Government plans to help build 300,000 new homes a year, the Chancellor announced at the weekend.
The plans will include fasttracking developments with planning permission.
Hammond said the Government would use “powers of state” to get homes built on these sites.
The Chancellor said the country was currently building 217,350 homes a year, but that more were needed.
The Budget will also contain measures to increase the amount of social homes built.
Prime Minister Theresa May announced plans to boost the number of council homes in October at the Conservative party conference.
The Conservatives also plan to remove current hurdles to local authorities building more properties for social rent.
Councils are set to get new powers to build properties. They will also be required to judge the need for council housing in their areas.
Other plans to be unveiled include pressuring local councils to give small pieces of land to developers.
Ministers confirmed that the Budget would contain steps more detail on the proposals.
The Government will also unveil plans to aid SME housebuilders.
The Chancellor also said the Government will bankroll the clean-up of polluted former industrial sites and use the land for houses.
Though the Chancellor has not announced any changes to stamp duty land tax, many experts expect to see the Budget feature changes to this.