As the budget draws near, experts have said that cheap mortgage rates are unlikely to make a return. The BBC reported that low mortgage levels seen over the last decade are not expected to be seen again in the UK any time soon.

In recent years, Brits have been struggling to get onto the housing ladder and those who are homeowners have experienced increased rates.

Charlie Nunn, chief executive of Lloyds bank, told the BBC that it expected mortgage rates to come down, but not to the near-zero…