Rates and taxes likely to change?

[WatermelonLou]

My parents have offered to buy me a house as k don't stay in a great area.. the kids aren't doing well.

As they'd effectively be taking on a second mortgage they are being taxed crazy money. And capital for deposit is coming from their own house, again they are penalised for this too. Not many lenders will lend either as it's essentially a family member who'll be in the house. Everything seems so excessive, houses in my area are through the roof. The competition is high too but there are some we can't compete with when making offers.

I know the country is in a bad state, and I know how lucky I am to be in this position. Just wondering if anyone who is financially aware if the landscape may change to make houses more affordable? Does having a GE this year benefit at all?

Anything widely known will already be priced into rates/prices already really - we already know there will be a GE in 2024 as the last one was 2019.
The bigger market "shock" as such will be the Conservatives getting back in but it isn't clear what that will do to markets. Probably not much (unless its using unfunded tax cuts promises - like Truss did).

Longer term we don't have enough houses being built and on simple supply and demand economics this will keep prices high unless a party comes in with a huge house building programme (they won't).