September’s mini budge has sent the housing market into chaos with an increased uncertainty, mortgage rates soaring, pound tumbling, buyer’s now lacking confidence. First time buyers have now pulled out of their plans to move, this has recorded as a 21% decrease. On the brighter side, the demand is still 24% higher than 2019. The jump is more than the average Brits’ annual salary, and comes at a time when rising mortgage rates are acting as yet another barrier to those looking to get on the property ladder.
What tips can we offer those who are in urgency to move?