The dust is still settling since the general election and Labour’s landslide victory, which was possibly one of the more obvious outcomes there has been for some time.

While that means a big political shift for many, it’s something that we believe the financial market has also been anticipating for a while.

Looking at how the market has reacted … we’re currently not seeing any major shocks or changes, infact the market appears well prepared for Labour’s victory. But what could it all mean for our customers?

Here’s just a couple of our initial thoughts, and we’ll share more as the government plans are released.

New Help to Buy Programme

We’d like to think the Labour government may introduce a new Help To Buy programme which of course would be great news not just for first-time buyers still struggling to get on the property ladder, but for our developer customers too, as this would generate more demand and sales for them.

An Impact on Overseas Customers and Non-Doms

There could be some changes coming to our overseas customers, those who have properties in the UK but they have a non-domicile status. New tax regulations could impact them, with potential increase to their tax liabilities.

If it happens, then this shift might lead to a re-evaluation of property investments from international buyers. Something certainly worth keeping an eye on if you fall into this group.

At NapeX Finance, we’re curious to see how Labour will support SMEs (Small and Medium-sized Enterprises) and the private sector. What will they bring in to stimulate those sectors and their markets? If they bring in new policies to encourage growth and innovation, it could mean more investment and activity in these areas.

We’ll be keeping a close watch on any new incentives or regulatory changes that could boost the business environment, and what they’ll mean for our customers and the economy in the coming months.

For more information about any of the points listed in this update, don’t hesitate to get in touch via our Contact Us page.