New childcare funding could boost London homebuyers' budgets

New childcare support announced by the Chancellor in his Spring Budget could add tens of thousands of pounds to the property budgets of new and expecting parents across the capital. Mortgage experts said the measures, which are due to be rolled out in stages from April 2024 to September 2025, could be transformational for prospective London home buyers with young families. Adrian Anderson, director at property finance specialist Anderson Harris, said the childcare pledge could allow many young parents to get on the property ladder having previously been locked out of home ownership. Others may be able to raise their sights in terms of space or location, while some families will be released from a status as “mortgage prisoners”. 

Evening Standard (27/03/2023)