A survey of 2,000 adults — 916 of whom have recently bought, are buying or planning to buy a home soon — found only 46% expect the government to deliver on its promise.

A similar proportion — 47% — feel Labour have brought more stability to the housing market since their election. This is down from the 57% who felt the same way a year ago.

Now, 61% of UK homebuyers believe the market is too competitive while 65% see the house-buying process as too slow and complicated.

Over half (58%) of respondents see a shortage of the kind of property they would like to own with 65% regarding mortgage applications as too stressful.

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Looking ahead, 62% of respondents expect UK house prices to rise in the next 12 months.

“From investment into new homes through to planning system reform (including the use of AI), Labour’s first year in power has featured plenty of eye-catching promises,” said Paresh Raja, CEO at Market Financial Solutions (pictured above).

“But now is the time for delivery.

“When parliament reconvenes after its summer recess, it’s clear that UK homebuyers want to see rhetoric turn into decisive action that addresses the imbalance between supply and demand, creating a fairer and less fiercely competitive market.”