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CategoriesGuide Residential

Autumn Budget 2025: What It Means for Housing and Homeowners

By Bradley Bath,

The UK Budget 2025, delivered by Chancellor Rachel Reeves, has introduced a number of measures that will shape the housing market, affect homeowners, landlords, and property investors, and influence decisions for years to come.This continuity is expected to help activity in places like Essex and southern England. Many homes in these areas are in this price range.

Known as the Autumn Budget 2025, this announcement provides clarity for many parts of the market while introducing targeted tax rises and new policies that will have implications for high-value homes, rental income, and savings. At George Martin Limited, with decades of experience in property development and management across Essex and the South East, we explain what these changes mean for you and how to prepare.

Mansion Tax on High-Value Homes

One of the most discussed measures in the Autumn Budget 2025 is the so-called “mansion tax.” From April 2028, homes valued over £2 million will face an annual surcharge on top of council tax.

Homes worth between £2 million and £2.5 million will pay £2,500, while properties valued over £5 million will face an annual charge of £7,500. The surcharge is paid by the property owner, not the occupier.

The government plans to conduct a valuation exercise every five years to ensure properties are assigned to the correct band.The UK Budget 2025, presented by Chancellor Rachel Reeves, has introduced several measures. These will shape the housing market and impact homeowners, landlords, and property investors. These changes will influence decisions for years to come.

Although only around 0.5% of UK homes fall into this category, most of these high-value properties are concentrated in London and the South East. The introduction of the mansion tax is likely to have a ripple effect throughout the housing market. While the immediate impact may be limited to the top end, it could influence buyer confidence and pricing strategies across other market segments. Investors and homeowners in these regions should carefully consider how this surcharge might affect property values and the timing of potential sales.

Colleen Babcock, a property expert, warns that while the mansion tax is designed to target the highest-value homes, a slower market at the top can indirectly affect the broader housing market. The speculation leading up to the announcement has already contributed to a decrease in sales for properties valued above £2 million. As the April 2028 implementation date approaches, homeowners and investors may want to plan their moves strategically.

Tax Rises for Landlords and Rental Income

The Autumn Budget 2025 also increases property income tax rates for landlords. From April 2027, the basic, higher, and additional rates will rise by 2%, moving to 22%, 42%, and 47% respectively. These tax rises are designed to generate revenue for the Treasury, as noted by the Office for Budget Responsibility.

For landlords, this increase will reduce net returns on rental properties, particularly for those with smaller portfolios or lower rental yields. Some landlords may respond by increasing rents to offset the higher taxes, while others may consider exiting the rental market entirely. These changes could lead to a tightening of rental supply and potentially higher rents for tenants in some areas.

The impact of these tax rises is amplified by previous policy changes, such as higher mortgage interest rates, compliance costs, and increased stamp duty on additional properties. While some larger investors operating through limited companies may be less affected, individual landlords will need to carefully assess their financial positions and strategies to maintain profitability.

Stamp Duty Stability

Despite widespread speculation ahead of the Autumn Budget 2025, there are no changes to stamp duty. For homebuyers, particularly those in mid-range markets, this brings welcome stability. Buyers can plan property purchases with confidence, knowing that homes under £500,000 will not face new annual taxes and that the stamp duty system remains unchanged. This continuity is expected to support activity in areas such as Essex and southern England, where a significant proportion of homes are within this price range.

By removing the uncertainty surrounding property taxes on homes under £500,000, the government is helping to maintain buyer confidence and encourage market movement. Sellers also benefit, as they do not need to adjust asking prices to account for additional charges, preserving affordability for buyers.

First-Time Buyers and ISA Changes

The Autumn Budget 2025 includes measures aimed at supporting first-time buyers. In early 2026, the government plans to consult on a new ISA product designed to replace the Lifetime ISA. This new, simpler product is expected to make saving for a deposit more accessible and may offer greater flexibility than the current Lifetime ISA, which provides a 25% bonus on savings but has limits on property value and annual contributions.

Cash ISAs for under-65s will also see changes, with the annual savings limit reduced from £20,000 to £12,000. Over-65s retain the full allowance. These changes, along with new rules for personal savings allowances, mean that taxpayers will face higher taxes on savings income above the allowance, with basic-rate taxpayers paying 22%, higher-rate payers 42%, and additional-rate taxpayers 47%. Understanding these rules will be important for first-time buyers and savers looking to maximise contributions toward a property deposit.

Energy Efficiency and Household Costs

While the Autumn Budget 2025 aims to reduce household energy bills, it also withdraws certain support measures for home energy efficiency. This includes ending the Energy Companies Obligation scheme, which previously helped insulate homes. Although average bills are expected to fall by around £150 per household in 2026, homeowners will need to consider the longer-term costs of energy efficiency improvements.

For those planning to move or invest in property, factoring in potential energy costs and improvements will be critical. Upgrading homes now can lead to long-term savings and increase property value, which is especially relevant for landlords navigating new tax rises and tighter rental margins.

Planning Ahead: Practical Advice

Homeowners, landlords, and buyers can take practical steps to prepare for the changes announced in the Autumn Budget 2025. Reviewing mortgage deals is essential, especially for those on standard variable rates, as refinancing or remortgaging can secure lower monthly payments. For landlords, recalculating rental income and expenses will help assess the impact of the 2% property income tax increase.

Investors may also explore ways to maximise returns from existing property, such as renting out spare rooms, offering short-term rentals, or using unused space for storage. First-time buyers should begin planning their savings strategy, considering both the current Lifetime ISA limits and the upcoming consultation on a replacement ISA product in April 2026.

What This Means for the Housing Market

The Autumn Budget 2025 provides a mixed picture for the housing market. The mansion tax affects a small proportion of high-value homes, but its introduction may influence pricing strategies and investor confidence in London and the South East. Tax rises on rental income could lead to higher rents and reduced rental supply, while stability in stamp duty supports activity in mid-range markets.

For property investors, homeowners, and tenants, the key takeaway is that careful planning is now more important than ever. Understanding upcoming taxes, monitoring changes to ISA products, and assessing energy efficiency requirements will help ensure that property investments remain profitable and sustainable.

George Martin Limited: Guiding You Through Change

At George Martin Limited, we have over 60 years of experience in residential and commercial property development across Essex and the South East. Our expertise allows us to help clients navigate complex market changes, including those introduced in the Autumn Budget 2025.

Whether you are a first-time buyer, a seasoned investor, or a landlord managing a portfolio, understanding how these new rules affect your property decisions is critical. We provide tailored advice to help you plan your purchases, manage costs, and maximise returns.

By focusing on quality homes and responsible development, George Martin Limited ensures that our clients can make informed property decisions in a changing market. Even with upcoming tax rises and new regulations, investing in well-built, strategically located properties remains a sound long-term choice.

Final Thoughts

The Autumn Budget 2025 demonstrates that targeted tax changes, such as the mansion tax and property income tax increases, will have a measurable impact on homeowners, landlords, and investors. At the same time, the government has maintained stability for mid-range buyers and preserved the stamp duty system.

Planning, financial awareness, and expert guidance are now more important than ever. George Martin Limited continues to support clients through these changes, offering insights and advice to ensure property decisions remain informed and beneficial. Understanding the implications of the UK Budget 2025 is the first step toward making confident choices in a dynamic housing market.

New Builds in Essex
CategoriesGuide Residential

Why New Builds Are Popular with First-Time Buyers in Essex

By Bradley Bath,

Buying a property for the first time is a big decision, and for many people, it can feel like stepping into the unknown. With rising prices, confusing eligibility rules, and so many options available, it’s easy to see why first-time buyers can feel overwhelmed. But more and more people in Essex are finding that new build homes offer a more straightforward, practical, and affordable way to get on the property ladder. Whether you’re looking in places like Southend-on-Sea, Basildon, or Laindon, new builds are fast becoming the go-to choice for first-time buyers in England.

One of the biggest advantages is the level of support available. Government schemes aimed at first-time buyers often focus on new build properties. These include shared ownership options, first-time buyer Stamp Duty relief, and other homes schemes that can significantly reduce upfront costs. Depending on your eligibility criteria, you might qualify for reduced deposits, fixed interest rates, or even help with legal fees from the developer. These schemes are designed to make buying a property more accessible, especially for people who are currently paying rent and finding it hard to save.

Another key reason that new builds are popular is their low maintenance. Unlike older homes, new properties are built to modern standards and come with a structural warranty. This means fewer surprise costs after you move in, which is ideal if you’re trying to manage a tight budget. When you buy a new home, everything is brand new. That includes the kitchen appliances, plumbing, wiring, and roofing. There’s no need to worry about expensive repairs or hidden problems that might come with a second-hand property.

Energy efficiency is another major selling point. New build homes are usually constructed using the latest insulation and energy-saving materials. Features like double glazing, energy-efficient boilers, and better insulation can help reduce your energy bills. Over the course of a year, this can add up to significant savings, making your monthly budget a lot more manageable.

The buying process itself is also simpler. When you buy a new build, there is no property chain, because you are purchasing directly from the build developers. This means there is no waiting around for someone else to sell their home, which can reduce the risk of delays or the sale falling through. For first-time buyers, this shorter and less stressful buying process is a major advantage.

Location is another factor that makes new builds appealing. In Essex, many new developments are located close to transport links, schools, and local amenities. For example, areas like Southend-on-Sea and Laindon have direct train routes into London, making them perfect for commuters. These areas also tend to have good shopping centres, green spaces, and restaurants nearby. Developers often choose sites with long-term value in mind, so buyers can enjoy both lifestyle benefits and the potential for future growth.

Design is also a big part of the appeal. New build homes are built for modern living. They often feature open-plan layouts, built-in storage, and stylish bathrooms and kitchens. Many developers allow buyers to choose finishes or upgrade packages, so you can personalise your home before you even move in. This clean, blank canvas approach makes it easier to settle in quickly and make the space your own.

Finally, there is the emotional side of buying a new build. For many first-time buyers, the idea of stepping into a home that has never been lived in is incredibly appealing. There is something special about knowing that everything is yours from day one, without having to undo someone else’s design choices or deal with their old fittings. It gives a real sense of ownership and a fresh start.

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Why should you buy from George Martin?
CategoriesGuide Residential

Why Buy from George Martin Limited

By Bradley Bath,

If you are looking for a home that is well-built, beautifully designed, and backed by years of experience, George Martin Limited is a name you can trust. Founded in 1962, George Martin Limited have been in the property development industry for over 60 years. The company has developed nearly 300 residential assets and many commercial projects across Essex and surrounding areas.

George Martin Limited have been around for decades, building homes that last. With 298 residential properties completed, they know how to deliver quality and comfort. Their projects are not just buildings; they are communities where people can feel proud to live. Over the years, they have worked closely with local authorities and local builders to ensure everything is done right.

The company is known for its attention to detail and strong commitment to quality. From mixed-use properties to larger commercial projects, every development is handled with care. They take care of everything from planning applications to the final touches, making the process smooth and stress-free for buyers.

Buying a home is a big decision, and with George Martin Limited, you are choosing experience and trust. Their long history means you are getting a home that is built to last. Their properties are thoughtfully designed, well-constructed, and located in great communities like Southend on Sea and Laindon.

George Martin Limited uses traditional building methods with modern designs, giving you the best of both worlds. They manage the entire development process from start to finish, ensuring quality at every step. This means you get a home that is not only beautiful but built to stand the test of time.

The newest project by George Martin Limited is New Century Road, a small collection of four lovely family homes located in Laindon, Essex. This new development was chosen for its great location, large plot sizes, and the opportunity to create quality family homes. These three-bedroom houses are perfect for families, offering lots of space and modern finishes.

New Century Road Street View
New Century Road Rearview

Each house has a bright living room, a large kitchen/family area, and a sunny, south-facing garden. There is parking for two cars, and it is just a short walk (approximately 750m) to Laindon Station, with easy access to London Fenchurch Street. The location also has shops, restaurants, parks, and good schools nearby, making it perfect for families and commuters.

Inside, you will find an open-plan kitchen and dining area filled with natural light, thanks to skylights and big windows. The garden is a great place for family gatherings or relaxing on sunny days. Upstairs, there are three good-sized bedrooms, with the main bedroom featuring its own en-suite bathroom. There is also a family bathroom and extra storage space.

When you buy a home from George Martin Limited, you are getting more than just a house, you are investing in over 60 years of experience. With a history of delivering quality homes in great locations, George Martin Limited is the smart choice for anyone looking to invest in property or find a long-term family home in Essex.

The new homes at New Century Road are the latest example of this quality, well-built, beautifully designed, and perfectly located. Secure your place in this exclusive development and enjoy the peace of mind that comes with buying from a trusted builder like George Martin Limited.

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CategoriesGuide Residential

What to Look For When Viewing a New Build Home

By Rhea Kanani,

Buying a house is one of the most exciting journeys, especially if it’s your first home. New builds are a popular choice for first-time buyers, key workers, and families looking to climb the property ladder. These homes are fresh, modern, and energy-efficient, ticking many boxes right from the start. But what exactly should you look for when viewing a new build? Here’s a handy house viewing checklist to help you make the most of your property viewing.

Do Your Homework

Before you view a property, make sure you’re eligible for any schemes that might help with costs. Some developers offer incentives for key workers or first-time buyers. Check the eligibility criteria for schemes like Help to Buy or Shared Ownership before heading to the viewing.

Also, research the homes for sale in your chosen area and compare their prices. developers can guide you, but a little independent research never hurts.

What to Look For

When you arrive at the property, it’s easy to get swept up in the excitement of imagining yourself living there. But remember, you’re here to check the details.

  • Water Pressure: Turn on taps and showers to ensure the water pressure is adequate. Low pressure can be frustrating and expensive to fix.
  • Hot Water: Ask how the water heating system works. Is it energy-efficient, and does it provide enough hot water for the whole family?
  • Broadband Speeds: With so much of our lives online, fast and reliable broadband is a must. Ask about the speeds in the area to avoid future headaches.
  • Storage Space: Does the house have enough storage? Open cupboards and wardrobes to see if they’ll fit your belongings. It’s surprising how quickly space fills up!
  • Energy Efficiency: Most new builds are designed with energy efficiency in mind, but double-check. Ask about insulation, windows, and the energy rating of the property.

Think About the Practicalities

New build homes are often set in fresh developments, which means the surrounding area is still evolving. When buying a house, consider how practical the location is for you.

  • Council Tax Band: Check the council tax band of the property, as this will affect your monthly outgoings.
  • Service Charge: Some new builds come with a service charge for communal areas. Find out how much it is and what it covers.
  • Bedroom Homes: Make sure the number of bedrooms suits your needs, whether it’s for a growing family or a home office.
Compare New Builds to Older Homes

When you view a new build, it’s worth comparing the pros and cons to older homes. New builds often require less maintenance and come with modern features like smart technology and better insulation. However, older homes might offer more space or character.

Consider what matters most to you. Are you willing to trade a little extra room for lower energy bills and modern convenience?

Bring Your Own Property Viewing Checklist

Having a personal property viewing checklist ensures you don’t miss anything. Here are some key points to include:

  • Check all doors and windows open and close properly.
  • Look for any signs of unfinished work or defects.
  • Test all appliances if they’re included in the sale.
  • Ask about the warranty for the property—it’s standard for new builds to come with a 10-year warranty.
  • Confirm the estimated completion date if the house isn’t fully built yet.

Plan for the Future

Buying a home is a long-term investment, so think ahead. Are there schools, parks, or transport links nearby? Does the area have a strong community feel?

If this is your first home, consider how easy it will be to sell in the future. New builds are often appealing to buyers, but you’ll want to make sure your home is part of a desirable area.

Ask Questions

We are there to help, so don’t be shy about asking questions. Whether it’s about the broadband speeds, service charge, or how to reserve the property, they’ll have the answers.

If anything feels unclear or rushed, take your time to think it over. It’s a big decision, and you deserve to feel confident about it.

A house viewing is your chance to get to know the property inside and out. By knowing what to look for—from water pressure to storage space—you’ll be better prepared to make the right decision.

New builds are fantastic options for first-time buyers and families alike, offering modern living spaces, energy efficiency, and a blank canvas to make your own. Use this guide as your go-to property viewing checklist, and you’ll be one step closer to finding your dream home.

Good luck with your house viewing! Whether you’re ready to buy a property or just exploring your options, taking the time to view carefully will always pay off. The perfect new build might just be waiting for you.

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Phone

01268 919940

Email

admin@georgemartinltd.co.uk

Location

Basildon

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West Mayne
Basildon
SS15 6RW

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