Jeremy Hunt’s move to rip up most of last month’s mini-budget should help strengthen a housing market that was beginning to wobble and could relieve some of the downward pressure on prices, analysts have suggested.
However, other experts warned the new chancellor’s intervention might not be enough to stave off the risk of “significant” house price falls, and that even if new mortgages did become temporarily cheaper, the sizeable interest rate rise expected in November meant many borrowers would still face hikes in home loan payments.
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