While it is not clear yet exactly what the Chancellor is planning to offer in next week’s Budget, property is expected to be a big focus.
While many are calling for an extension of the stamp duty holiday and mortgage payments holiday, there is one policy he is expected to announce in a boost for first time buyers.
Mr Sunak is expected to unveil plans to help first-time buyers get onto the property ladder with a new mortgage guarantee scheme.
The proposals will help people to buy properties up to £600,000 with deposits of just five percent.
Will Rishi Sunak extend mortgage holidays as chancellor expected to unveil 5% mortgages? (Image: GETTY)