UK interest rates cut – here’s the outlook for property owners and home buyers after the budget

The main thrusts of the UK government’s budget in October 2024 was more borrowing, more tax and more spending. And within those broad goals lie substantial implications for the housing market.

One of the immediate impacts is the budget’s effect on mortgage rates from the planned increase in government borrowing, which has been estimated at £70 billion to fund infrastructure and social initiatives.

Increased borrowing by the government often leads to higher bond yields ...