"Carnage" is how Craig Fish from Lodestone brokers in London described the situation.
Despite having a healthy 20% deposit and a mortgage in principle, she says there are "not really any properties on the market". Jo had hoped getting her own place would mean a drop in monthly outgoings but with rising food prices she no longer thinks that will be the case. "It's a bit of a nightmare," says Anthony. "We're looking at upsizing and all of a sudden are having to question the affordability of it."
"Our daughter has grown so quickly, we need a garden and bigger bedrooms and more storage. The lack of space is even causing arguments between me and my partner," says Anthony.A shortfall equivalent to two or more months' repayments means you are officially in arrears The number of net mortgage approvals for house purchases fell to 48,700 in April from 51,500 in March.