In a Hertfordshire town, buyers, sellers and estate agents tell of the effects of Kwarteng’s mini-budget

The phone has all but stopped ringing at Mullucks estate agent in Bishop’s Stortford – except for calls from buyers with bad news about collapsing chains.

Since the chancellor Kwasi Kwarteng’s mini-budget two weeks ago, a chill has spread through the Hertfordshire commuter town’s housing market. Viewing numbers, house prices and client confidence are all cooling rapidly after lenders pulled thousands of mortgage deals, only to return with far pricier interest rates.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Tesco quietly adds key service at 68 stores and Ikea fans will love it – see the full list of locations

TESCO has added a key service at 68 of its stores and…

Mr Kipling owner Premier Foods buys breakfast brand Fuel10K in a deal worth £34m

Food manufacturer Premier Foods has acquired breakfast brand Fuel10K in a deal…

Germany to send anti-aircraft systems to Ukraine in policy shift

Defence minister tells meeting of military leaders that government has agreed to…

Rentokil appoints new North America boss after weaker trading

Rentokil Initial has hired a new chief executive officer for its North…