A word of warning has been issued to anyone who is in the midst of buying a home after last week's Spring Budget. Any prospective buyers have been warned to 'brace themselves' as more property market volatility is expected once again.
Last Wednesday (March 15) Jeremy Hunt set out his plans for the economy whilst appearing in the House of Commons where he made a series of announcements due to impact millions of people across the UK. The chancellor revealed that the energy price guarantee will no longer be raised to £3,000 from next month, with other announcements including 30 hours a week of free childcare to be extended to children over nine-months-old.
After the key changes were announced, many homeowners were disappointed to hear little to no mention of help to boost the property market. Buyers and sellers were left worried after Liz Truss' mini budget last year which saw house prices plummet and mortgage rates soar as a result of several interest rate rises.
