Mansion tax from £1.5m? Treble the headache | Mortgage approvals, stamp duty and prime London
Tom Bill, Head of UK Residential Research at Knight Frank, joins Damian Pudner, Director of the Great British Think Tank, for a read on the housing market this autumn: mortgage approvals at their lowest since December 2023, why mortgage rates now track the oil price, the reported plan to pull the mansion tax threshold down to £1.5m, prime central London, the return of Help to Buy and the case for stamp duty reform.
The numbers: mortgage approvals for house purchase were 54,900 in August 2026, down from 55,900 in July, the lowest since December 2023 (Bank of England). Buyer demand rose 5% in…
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