The Budget: What does it mean for Chorley Homeowners?

The government announced its new Budget and, as usual, the headlines were designed to send everyone into a panic. In reality, for Chorley, it’s far less dramatic. No nasty surprises, no hidden charges waiting to jump you when you sell, and nothing that touches the average family home.

The biggest takeaway is very simple: the market stays steady for now, which is exactly what anyone thinking of moving wants to hear.

Stamp Duty Didn’t Change

This matters more than anything else. Buyers had been holding off, worried a change might make moving more expensive. Now nothing’s changed at all, it gives people confidence to crack on. Confidence means more viewings, more offers, and less time waiting around hoping someone falls in love with your house. Sometimes, no change is the best news.

The Mansion Tax Isn’t Our Concern

There’s a new tax for properties worth over £2m. If you happen to own something at that level in Chorley, there’ll be a yearly surcharge to pay. For everyone else, it won’t affect your home or our local market, so it can be safely ignored.

Landlords Got Hit (That’s Where Things Might Shift)

Landlords will pay more tax on rental income from 2027. On paper it doesn’t look huge, but it’s enough to make some think twice about keeping their rental properties. What does that mean for homeowners in Chorley? We could start seeing more terraced homes and flats coming onto the market over the next 12 to 18 months, as landlords try to sell before the tax change hits them.

More supply usually means buyers get a bit pickier and prices soften slightly, especially on homes under about £200k. Not a crash, just less room to push for a premium.

If You Own a Terrace or Flat

The best time to sell is likely before more landlord-owned properties hit the market. Selling now, or in early to mid 2026, gives you less competition and more control over the price you achieve.

If You Own a Detached or Family Home

You’re not as affected. These properties aren’t usually landlord-owned, so you won’t suddenly be competing with lots of similar homes. Your market should stay stable, with no Budget shockwaves to worry about.

In Summary

The Budget didn’t make moving more expensive.

Buyers can stop worrying about stamp duty suddenly changing.

Terraces and flats might face more competition next year if landlords start selling up.

Family homes should stay stable.

So the message for Chorley is straightforward: calm for most, and a bit of urgency if you own a smaller place.

Curious what the Budget means for your home? Book a valuation and we’ll explain it and show you what your property’s worth right now.