Hello everyone we’re due to exchange contracts on a new build house but we’re spooked by this looming housing crisis. We were going to sell our current house closer to the new build completion date (early 2023) but that looks risky now because of what’s happened in the last month with mortgage rate jump and now predictions of housing prices falling instead of levelling off. When we reserved in July , we knew the price was a little inflated but it’s the last house of that model on the estate so we just went for it and the local housing market was strong so we thought no problem to sell our house. Now of course that’s changed completely and it feels a lot more risky - we can afford to carry two mortgages for a few months but we moved our current house to variable rate so we can end it without penalty and so if we can’t sell then we could be hit by increasing mortgage rate on old house. So - just wondering if anyone else is in similar situation and been able to renegotiate with the developer or if anyone with current experience in that area can advise on what to do?