Autumn Budget 2026: What Does It Mean for Landlords and the Hull Property Market?

28th October 2026 | Pink Property | Property News & Advice

The Chancellor delivered the Autumn Budget on 28th October 2026, announcing a range of measures affecting homeowners, landlords, tenants and those looking to get onto the property ladder.

While much of the national attention has focused on household bills, wages and taxation, there are several announcements that could have a more direct impact on the property market, particularly for private landlords.

At Pink Property, we work with landlords, tenants and property owners throughout Hull, Beverley and the wider East Riding of Yorkshire. We've taken a closer look at the key announcements and what they could mean for the local property market over the coming months and years.

Landlords Face Higher Tax on Rental Income

Perhaps the most significant announcement for private landlords is the Government's decision to increase income tax rates on property income by two percentage points from 6th April 2027.

The new property income tax rates will be:

• Basic rate: 24%, increased from 22%.

• Higher rate: 44%, increased from 42%.

• Additional rate: 49%, increased from 47%.

For landlords who own properties in their personal names, this will mean paying more tax on rental profits, with the actual impact depending on individual circumstances, taxable income and allowable deductions.

For example, a landlord with £15,000 in annual taxable rental profits could face an additional £300 in tax each year, assuming all that profit falls within the same applicable tax band.

On its own, that may not appear particularly significant. However, when considered alongside mortgage costs, insurance, maintenance, compliance obligations and the wider regulatory changes affecting the private rented sector, it represents another cost that landlords will need to factor into their investments.

It's worth noting that these particular property income tax changes relate to individual taxation. Landlords operating through limited companies are subject to a different tax framework and should seek appropriate professional advice.

Will the Budget Push Rental Prices Higher?

One of the questions we're likely to hear from landlords is whether the additional tax burden should be reflected in rental prices.

There is certainly an argument that continued pressure on landlords' operating costs could influence the rents being sought across the private rented sector.

However, rental values are not determined by landlords' costs alone. They are ultimately influenced by tenant demand, property condition, location, affordability and the availability of comparable properties.

Across Hull and East Yorkshire, there can be considerable differences in achievable rental values, even between properties within the same postcode.

A well-presented, appropriately priced property can often attract stronger interest than one entering the market at an unrealistic figure.

At Pink Property, we regularly review local rental values to ensure our landlords are achieving the best possible return while remaining competitive within the market.

With the latest Budget changes now confirmed, we would encourage landlords to review their existing rental arrangements, particularly where rents have not been assessed against current market conditions for some time.

Any increase must, of course, be approached in accordance with the legislation and applicable tenancy requirements.

More Help for First-Time Buyers

There was also potentially welcome news for those looking to purchase their first home.

The Government has announced a new £4.7 billion equity-loan scheme, known as Your First Home, which is intended to support approximately 70,000 first-time buyers across England.

The scheme, expected to commence in April 2027, will provide eligible buyers with government equity loans of up to 20% of a property's value, alongside a reduced deposit requirement and an initial five-year interest-free period.

For people currently renting and hoping to take their first step onto the property ladder, this could help make homeownership more accessible.

In areas such as Hull and the East Riding, where there remains a wide range of properties suitable for first-time buyers, the introduction of additional financial support could encourage greater activity within the entry-level sales market.

However, eligibility criteria and the types of properties covered will be important considerations, and buyers should review the full scheme requirements before making any commitments.

The Government has also announced plans for a new First Time Buyer ISA from April 2029, offering a 25% government bonus towards eligible first-home purchases.

Further Investment in Affordable Housing

The Budget includes an additional £1.5 billion towards social and affordable housing, intended to support the delivery of approximately 10,000 additional homes across England.

Increasing the supply of housing is an important part of addressing longer-term affordability pressures, although the impact will depend on where new homes are delivered and how quickly they become available.

For Hull and East Yorkshire, as with many other areas, providing a mixture of homes for ownership, private rent and affordable housing remains important to meeting local demand.

While additional construction is welcome, the existing private rented sector will continue to play a substantial role in providing accommodation for households who either cannot or do not wish to purchase a property.

Household Costs and Tenant Affordability

Beyond the direct property-related announcements, the Budget also includes measures intended to support households with rising living costs.

These include a £100 Household Energy Payment for eligible properties in council tax bands A to D in England, alongside support with electricity costs and an increase in the National Living Wage to £13.21 per hour from April 2027.

For tenants, household affordability remains an important consideration when looking for a new home or managing existing rental commitments.

Improvements in disposable income may provide some welcome breathing space, although the impact will naturally vary between households.

From a landlord's perspective, maintaining a sustainable tenancy, with a rental figure that is both commercially appropriate and affordable to the tenant, remains an important part of successful property management.

What Should Landlords Be Doing Now?

With further tax changes approaching, we believe this is a sensible time for landlords to take stock of their property investments.

That doesn't necessarily mean making immediate changes or increasing rental prices. Instead, it's about understanding the current performance of each property and identifying where improvements can reasonably be made.

For some landlords, that might involve reviewing the rental value. For others, it may mean considering planned maintenance, improvements to presentation, reducing periods without tenants or simply ensuring that existing management arrangements are working efficiently.

A property achieving a strong rental figure is only part of the picture. Keeping good tenants, maintaining the condition of the property and avoiding unnecessary expenditure all contribute towards the overall return.

Landlords should also discuss the forthcoming taxation changes with their accountant or tax adviser, particularly where they own several properties or are considering further investment.

Our View at Pink Property

The private rented sector has experienced a considerable amount of change in recent years, and the Autumn Budget introduces further financial considerations for landlords.

While there is understandable concern about the cumulative effect of additional taxation and regulation, residential property remains a long-term investment for many individuals.

Our view is that landlords should focus on what they can control: ensuring properties are maintained to a good standard, reviewing rental values regularly, minimising unnecessary void periods and keeping on top of their responsibilities.

There continues to be demand for good-quality rental accommodation across Hull and East Yorkshire, and we believe that professionally managed, well-maintained properties will remain an important part of the local housing market.

At Pink Property, we have been working with landlords and tenants since 2012, providing practical advice and tailored property management services.

Whether you're an established landlord reviewing your existing portfolio, considering purchasing your first investment property or thinking about selling, we're always happy to discuss your options.

Would you like to know what your property could achieve in today's rental market?

Contact Pink Property on 01482 270069, email info@pinkproperty.net or visit www.pinkproperty.net to find out how we can help.

This article provides general information based on the Autumn Budget announcements of 28th October 2026. Taxation and eligibility will depend on individual circumstances, and readers should seek independent professional advice where appropriate.

Source: HM Treasury, Autumn Budget 2026.