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PM Keir Starmer has already issued a warning that next week’s Budget will be painful… to help fill a ‘£22 billion black hole’ of debt. So, could this Budget be painful for homeowners? In this article, we’ll take a look at what Chancellor Rachel Reeves might be planning.
New data shows the mortgage market has bounced back from the turbulence of two years ago. Think back to this time in 2022, and you’ll recall the mortgage market was in complete disarray. In the aftermath of the Mini-Budget, there was a frenzy of activity – none of it good for homebuyers or people looking to renew their mortgage.
Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market.
The weather is dreary. Christmas is on the way. So, right now is an absolutely terrible time to jump into the housing market. Isn’t it?