Chancellor Jeremy Hunt has axed the majority of tax cuts from the mini-budget but changes to stamp duty remain in place.
The move should bring stability to the mortgage market.
But interest rates are still expected to rise and the housing market slowdown is likely to continue.
Several major lenders have increased how far in advance existing borrowers can lock in a new mortgage deal as interest rates rise. It comes as many homeowners look to start the process of lining up a new mortgage earlier than usual, hoping to get a cheaper deal and stay ahead of future rate hikes after the base rate hit 2.25% in September.
The Bank of England has raised interest rates by half a percentage point to 2.25% - the highest level since November 2008.
Fox Estates wish to convey our deep sadness at the passing of our wonderful Queen.
We will not see the like of Queen Elizabeth again. She was a magnificent lady who put her duty to her people before everything else. She served her country selflessly and was a figurehead of national unity through good times and bad.
Everyone at Fox Estates offer our deepest condolences to the Royal Family who like any other family, are grieving the loss of a much loved Mother.
The bank of England have raised the interest rate to 1.75%, the biggest hike in 27 years.
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