We use cookies to give you the best possible experience on our website. If you continue without changing your settings, we'll assume that you're happy to receive all the cookies on our website. However, you can change your cookie settings at any time.

Your Privacy

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalised web experience.

Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies


These cookies are strictly necessary for the Website to work properly and for us to keep it secure. They are needed to allow users to use the Website and its features, including to move between pages of the website.

These cookies are required

Performance and analytical cookies

These cookies allow us to collect certain information about how a user navigates the Website. These cookies collect information that is used either in aggregate form to help us understand how our site is being used or how effective are marketing campaigns are, or to help us personalise our site for you. We use Google analytics and Bing 1st party cookies, DoubleClick 3rd party cookies and Hotjar cookies for reporting purposes.

Cookie Name Purpose More Information
Bing Ads mui(x), _uet(x) Remarketing script and conversion tracking
DoubleClick Cookies _ide, _nid, _sid,
_dsid, _flc,
_aid, _taid
These are 3rd party cookies served by DoubleClick. They serve adverts to visitors based on the websites they've been to previously. Click here for more information about DoubleClick and how to disable this cookie.
Google Analytics _utm(x), _ga(x),
_gid, amp_token
These cookies are used to collect information about how visitors use our website. They keep track of when a visitor enters and leaves the website and any search engines and keywords that are used, including any personal and/or sensitive data. Click here for more information about Google Analytics cookies.
Hotjar _hj(x) These cookies are used to record anonymous videos about how visitors use our website. They keep track of how visitors engage with pages on our website. Click here for more information about Hotjar and how to disable this cookie.

Marketing cookies

These cookies are used to make advertising messages more relevant to you. We may use this data to tailor the marketing and ads you see on our own and other websites and mobile apps, including social media.


Budget 2018: What it means for first-time buyers, home owners and property industry professionals

Philip Hammond used this week’s Budget to announce spending spree in what he called “a budget for Britain’s future” - and one which heralds the end of austerity.

Improved deficit and upgraded growth forecasts allowed the Chancellor to loosen the purse strings, releasing more than £100billion to cut taxes and increase spending.

Here, we look at what Monday’s Budget mean for first-time buyers, home owners – and professionals working in the property industry.

First time buyers

The abolition of stamp duty for first time buyers purchasing homes worth up to £300,000 was one of the highlights of last year’s autumn budget. Since then, it has helped 121,500 people, the Chancellor announced in this year’s speech, with the number of people buying their first homes at its highest level for over 11 years.

This will now be extended to first time buyers of shared ownership properties worth up to £500,000.

And the tax cut will be backdated to anyone who has bought a shared ownership home since last year’s budget. At Together, we’ll consider shared ownership mortgages for ex-council houses, flats and maisonettes, high rise properties - including those above six floors - properties with poor valuations, and those of non-standard construction.

Home owners

There were two new changes to the main residence relief for people selling their homes. The 18-month exemption from paying capital gains tax has been shortened to nine months, meaning there will be a shorter period for people who are moving house and not being subject to capital gains tax.

Mr Hammond also earmarked an extra £500million for the Housing Infrastructure Fund, to help local councils to build homes as a way of easing the housing crisis. The extra money could build 650,000 extra homes, the Chancellor said.

Property professionals

Perhaps one of Mr Hammond’s most eye-catching announcements - although one which had been predicted before Monday’s budget - was to create more homes on the High Street. As part of his £1.5billion investment to help the UK’s struggling retailers, he announced the creation of a £675million fund to help local authorities. Some of this money could be used to change the use of commercial property into homes.

We’ve worked with developers who we’ve provided with bridging finance to turn anything from disused office blocks and smaller retail units into homes. These often tend to be more complex cases, requiring a hybrid of traditional commercial finance and development funding, wrapped up as one arrangement. Specialist lenders like Together have the experience necessary to be able to help in these more complicated scenarios.


The Chancellor held off targeting the private rental sector again. Pre-budget, there had been rumours that there could be a capital gains tax cut for landlords looking to sell to their tenants, with the saving split between the buyer and seller. However, this didn’t materialise on Monday, but the Government will launch a consultation into further changes at some point in the future.