“A budget this late in the year hasn’t helped anyone apart from the Government who seem to be changing the content based on the rhetoric from senior commentators and outcry from the voting public. The announcement and clarity can’t come soon enough.

“I’d like to see Rachel Reeves maintain confidence in the housing market through a combination of long-term supply plans and more short-term demand support. Let’s face it, even though Steve Reed the housing minister remains bullish about building 1.5 million homes by the end of the current parliamentary term, there is absolutely no market confidence in this.

The recent mortgage market reforms relaxing LTI restrictions on lenders will help to increase levels of mortgage lending. In the same vein, I would also like to see planning laws changed to make developers bound by timescales, rather than being able to sit on land and property indefinitely, watching values increase rather than getting on with development.

“In the short-term, we would like to see more targeted support for first-time buyers, helping them onto the housing ladder, as well as tax incentives for moving up the housing chain. The announcement of such measures will be a huge shot in the arm for the market. Stamp duty is an obvious play here, but this needs to be thought through as you could cause fast house price inflation and not end up really helping FTB’s at all.

“I would also urge Rachel Reeves to encourage economic growth by incentivising entrepreneurs to launch businesses with tax breaks on exit rather than increasing capital gains tax. We need to encourage economic investment, not hinder it.

Landlords need some respite – buy-to-let (BTL) properties are becoming less profitable as landlords face higher regulatory costs, increasing pressure on a private rental sector that is already strained, when more stock is required to ease the housing issues in this country.”