Two major surveys of estate agents reveal dismay with Jeremy Hunt's 'lacklustre' Budget, and 'inadequate' attempts to boost the property sector.

Around 85% of tenants cannot afford to purchase their own home, according to research by investment firm Monta Capital.

Reports suggest Chancellor Jeremy Hunt has scrapped plans to introduce a 1% mortgage to help first-time buyers.

The portal says regional property price variations make the current Stamp Duty system unfair, and calls on Jeremy Hunt to make changes.

A mortgage designed to use developer incentives to reduce payments is launched by Eliot Darcy's Own New brokerage.

Charlie Davidson of law firm Bishop & Sewell says 1% mortgages will leave first time buyers with huge debts.

Officials have done some number crunching of Labour's spending plans and claim they would add nearly £2,000 to mortgage bills.

The building society says many more homeowners are unable to afford their mortage repayments.