Leicester homeowner says mini-budget still affecting markets as Autumn Statement released

Maisie Green said her mortgage deal has changed as a result of last month's mini-budget

A homeowner who is struggling to buy a new home has spoken out over the financial turmoil of the housing market after last month's controversial mini-budget.

Maisie Green has said she fears she will be unable to purchase a home because of the sudden changes to interest rates on mortgage products.

She said she is frustrated over last month's financial statement - the fallout of which led to the collapse of the previous administration led by Liz Truss.

Her comments come on the day that Chancellor Jeremy Hunt released his Autumn statement.

Despite the vast majority of the policies within that mini-budget being redacted, Ms Green says it is still affecting her financial position.

After having an offer on a property accepted she said rates have changed - and she's unsure whether she will be able to buy the house in Twyford in Melton Mowbray with her partner.

"It's so frustrating.

"You've found a property, you've had an offer accepted, you know you can afford it on paper...but then for somebody to say 'you can't have this money now' because although you wanted to borrow the same last week we're now going to charge you £200 more a month, is just mind-blowing," she told ITV News Central.

Mortgage rates in the UK rose sharply following the mini-budget, after a major drop in the pound. Rising rates mean that mortgage repayments will go up.

The latest statement came as inflation in the UK exceeded 11%. The OBR also projected that household disposable income could fall by 7% over the next two years.

What does the Autumn Statement mean for homeowners?

The stamp duty cuts announced in Mr Hunt's predecessor's mini-budget will remain in place - but only until March 31, 2025.

That's because the Office for Budget Responsibility (OBR) expects housing activity to slow over the next two years.

Stamp duty is a tax paid when you buy a property over a certain price in England or Northern Ireland - there are slightly different rules in Wales and Scotland.

When stamp duty changes it means that people buying homes may have to pay more, or less, tax.