Chancellor Alistair Darling's announcements on mortgage guarantees during Wednesday's Budget speech will "hopefully"prompt people registering an interest in buying a house to actually make that purchase.

National Association of Estate Agents (NAEA) president Chris Brown believes there is "no justification"for responsible consumers in the UK being denied access to finance that is appropriate to them.

Despite this positive reflection on the Budget, Mr Brown and the NAEA believe Mr Darling did go far enough regarding help for the overall property market.

Indeed, these opinions reflect a number of those expressed by other industry bodies, with the Association of Residential Letting Agents also left wishing the chancellor had given more aid to the sector.

Mr Brown said that the announcements in this week's Budget have "certainly not done enough to stimulate the market to the extent that house prices will begin rising".

Written by Mark Garner

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