'I’d be worried if I were selling my house now'

The state of Greater Manchester's property market during uncertain times.

Any homeowner with a mortgage or first-time buyer who has applied for a mortgage will understandably be concerned right now. The market is currently in turmoil following recent announcements that came from the government's mini-budget on Friday.

So with mortgages in crisis, what does this mean for first-time buyers and homeowners in Greater Manchester? We spoke to mortgage experts and brokers across the region to find out whether or not we should be worried. Jamie says that the recent news has caused concern amongst Greater Manchester homeowners over remortgaging.

"I think it is important to not over react and take a balanced view of the situation. Clearly we are in some very uncertain times and it would seem inevitable that there will be some cooling off in the Greater Manchester property market especially as rising interest rates come off the back of the cost of living crisis," he said.

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