The Latest Breaking News from Sarah Coles

London (AFP) - Britain's housing market has been rocked by the UK government's costly budget, as retail banks pull mortgage rates in anticipation of more costly products, sparking fears of tumbling home prices.

Mortgage experts say there is no telling what the future holds for mortgage rates, but that prices are likely to rise over the coming months and that shopping around is crucial

A tracker mortgage is already about £210 per month more expensive on average than it was before base rate increases started last December.

Interest rates are rising, house prices are up, and a new stamp duty tax has just been announced - so what does this mean for first-time buyers and home movers?

A raft of tax cuts unveiled on Friday last week have prompted concerns

A tracker mortgage is already about £210 per month more expensive on average than it was before base rate increases started last December.

The Government has unveiled a raft of tax cuts as part of plans to drive up growth during the cost-of-living crisis.

Hike in interest rates would be the biggest in 33 years and would heap renewed pressure on borrowers

Reports claim the Government is planning to reduce the property tax as part of efforts to boost economic growth

Reports claim the Government is planning to reduce the property tax as part of efforts to boost economic growth.

Dan Collins and Lucy Woolhead had ‘just about enough money’ for outgoings until April, when energy bill rose by £130 a month