Challenging Few Weeks For Home Buyers

It has been a challenging last few weeks for home buyers with so much going on with the economy and media, it’s hard to know what to do.

In reality, due to lack of properties on the market and demand, properties are still selling above asking price.

- Rising Interest Rates
- Cost of Living Crisis
- Value of House Prices Predicted to Go Down

The good news is that mortgage interest rates have been falling and there are competitive 2-year tracker rates on the market with no early redemption fees, this gives you the option to switch to a fixed rate if base rates rise again.

Although rates are never going to be as low as they were last year, they are affordable.

I recommend that you get prepared and be ready to put your offer on your chosen property when it becomes available.

I have put my top 5 handy tips here for you to make the most of.


Start saving for Deposit and regularly put money away from your income, this will help you when you have to pay a mortgage.


Check your credit report, to make sure that you have a clean credit history – pay off/reduce any small loans or credit cards.


Review your bank statements, can you reduce outgoings?


Speak to an Independent mortgage advisor, find out how much you can borrow? What can you afford to pay per month? Apply for a “Decision in principle” this will confirm if a lender considers your application subject to full application.


Register with Right Move, check value of properties, location, transport, schools, how long have they been on the market. Terms of lease, service charge, ground rent, standard construction.

(c) Ann Evans of Immediate Mortgage Solutions

Website by RH Elite Services



This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. Please note if we recommend a Product Transfer with your existing lender then no mortgage advice fee will be payable, we receive commission from the provider.

Immediate Mortgage Solutions Ltd is an appointed representative of Mortgage Advice Bureau and Mortgage Advice Bureau Limited which are authorised and regulated by the Financial Conduct Authority. Immediate Mortgage Solutions Ltd is registered in England & Wales no. 08390051. Registered office: 1623 Warwick Road, Knowle, Solihull, West Midlands, B93 9LF.

The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. This website is intended for people over 18 years of age who are resident in the UK only.

The website and the information contained therein should not be regarded as an offer or solicitation to conduct business in any jurisdiction other than the UK. These pages provide generic information about various aspects of financial Conduct advice that we provide. We hope they are helpful to you but they do not on their own add up to recommendations and we cannot take responsibility for anything you do in reliance on them without further discussion with us. Please do not make a decision based upon the information contained within these pages alone. Contact us for further advice to enable you to make an informed decision based upon your individual circumstances.