homeowner

The impact for homeowners is that fixed mortgage rates have actually been creeping up, despite the latest interest rate cut.

Other restrictions - backed by the previous Conservative government - would make it mandatory for homeowners to apply for planning permission to turn their property into a holiday let.

City officials had considered allowing changes in these neighborhoods, which are the city’s wealthiest and least integrated, but reversed course after pushback from homeowner groups who protested the potential for traffic and parking problems.

But homeowners like Gary Wright feel like they have been "left in limbo".

A Treasury spokesman said that the Budget was "putting the public finances on a sustainable path" and that was "essential to ensuring steady mortgage rates for all homeowners".