Research commissioned by Butterfield Mortgages found 71% of brokers have seen clients become more cautious as the Autumn Budget approaches.
Recent tax changes have made UK property less appealing for international buyers, according to 73% of brokers.
The survey also showed that 75% said their clients now need more support to understand the market since Labour took office in July 2024.
Brokers also said the Bank of England’s base rate remains a key factor for investors, with 67% highlighting its impact on decision making.
74% of brokers believe that if Government proposals to simplify the home-buying process are introduced, they’ll have a positive effect.
Alpa Bhakta, CEO at Butterfield Mortgages Limited, said: “With the Autumn Budget drawing close, this data underlines what’s at stake, with policy reforms clearly influencing how international investors think about UK property – particularly in prime markets, where the higher concentration of overseas buyers means the impact is most obvious.
“More than anything, right now we need clarity. If the Budget can deliver that, property buyers will be able to make informed decisions and plan with confidence.
“To support this, brokers and lenders have a crucial role to play after the Budget.”
Bhakta added: “By maintaining clear communication and a flexible approach, lenders can help ensure that international buyers continue to see the UK as a stable and attractive market for investment.”
