Frances, 30, works in healthcare and has been trying to sell her home in Cambridge to buy a bigger house in Bristol.
In recent weeks, the chain for her home sale has broken down twice, forcing her and her husband to try a third time to expand.
"We had several buyers who backed out this week, including our buyer's buyer. And now some homes we lost when we bought them are available again because people got out," says Frances. "It was really manic."
On Thursday morning, the couple's offer on a house was accepted. "The chain on this property previously collapsed because our seller's buyer pulled out. It looks like it's a lot of people. Now we have to negotiate a mortgage rate."
Frances says Friday's mini-budget by Kwasi Kwarteng, which sent sterling diving against other currencies and is expected to raise interest rates to nearly 6%, led her to cut her budget by 100.000 £ to a maximum of 750.000 £ over the course of a year lowered week.
More than 40% of available mortgages have been taken off the market in recent days.
"Since the budget, we have been looking for cheaper homes, in areas further away from Bristol, as the situation quickly made our original plan unaffordable," says Frances. "The new rates are shockingly high. We're taking out unemployment insurance because we're so worried about it. The house we are now hoping to buy is in Wells, Somerset, so quite a long way from where we had hoped to buy.
"The higher mortgage rate we have to pay now will definitely put renovations and an addition on the back burner."
"We're likely to lose our dream home"
Kyle and his partner have been together for almost 10 years, but still live separately with their parents in Hampshire. The couple thought they had finally managed to save enough to get on the property ladder and had accepted an offer on a first home earlier this year.
Now interest rate chaos threatens to derail their dream of home ownership.
"We had secured an affordable mortgage for five years at 2.8%. But alas, the people we're buying have yet to find a property, so this offer expires in November before we've really put the wheels in motion.
"When we first applied in May, we had no trouble getting a good deal at all.
"Now we are faced with the prospect of reapplying and are now likely to receive a new offer which will make repayments unaffordable for us. We're probably going to lose our dream home. Which is like a monthly mortgage of 1.500 £ looked, would now probably 1.Cost £000 more a month. Coupled with rising energy costs, this simply wouldn't be feasible for us and we are by no means low income earners."
Kyle suspects other parts of her chain could also collapse because of rising interest rates and the sharp drop in the number of mortgage deals on offer.
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"The ones we are buying are likely to be discouraged from getting a mortgage themselves in the current market. Whatever the outcome, it looks like everything is slipping away, and all because of changes made by our Chancellor that were not necessary at all."
"I can't afford an interest rate of 5%"
Daniel, 36, a social media consultant from London, has been saving for her first home for six years.
Dani says the thought of going back to hiring is scary. Photo: Dani/Guardian Community
She made a successful offer on a property in Stratford, east London, earlier this summer, but is still waiting for her mortgage to be approved – increasingly unlikely as banks pull back hundreds of deals that would end up costing them money if the Bank of England raises interest rates again.
"It was very, very stressful. I had to resubmit my mortgage application several times," says Dani. "First, the bank dragged out the process for weeks, at the end of which I was rejected for technical reasons – they only took into account my dividends for the last two years – and not my salary of almost 80.000 pounds last year – because I am a freelancer.
"It's been two months since I sent off my new mortgage application. I applied for a mortgage with a 3% interest rate and a 15% down payment, resulting in monthly payments of just under 1.500 £ would lead. I have been chasing my mortgage broker for three weeks now. In his last message, he said he was emailing lenders daily and blamed it on large arrears.
"I am not sure what will happen now. If this mortgage falls through, it would mean I can't buy at this time and maybe in the foreseeable future – I can't pay interest at 5%, and property prices are rising."
Dani lives with a friend and is worried about the future. "I'm afraid to go back to renting, where prices are also going up. I am very worried."