Data from the Council of Mortgage Lending show first time buyers are driving the market with lending up 25% to £5.5 billion over a year.
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Homeowners have used equity release to withdraw a record £8.2 million of housing wealth per day or £0.5 billion each quarter.
Uncertainty with the EU Referendum has seen London house prices stall increasing by 0.2% for the month to June down from 1.5%, says ONS
The Bank of England has reduced interest rates from 0.5% to 0.25% but will your mortgage benefit from the decrease?
The housing crisis is no longer just a London problem as home ownership plummets to the lowest level across the country.
For first time buyers the top ten least affordable homes are all located in London with the highest deposits paid, says the Halifax.
House prices for new-build properties have risen by 17.9% for the year, double the rate of existing with highest growth in the South East.
Rics June survey has shown a significant decline in the number of new buyers as uncertainty remains after the EU referendum.
Lending to home movers increased by £800 million or higher by 18.6% for the month as other buyer types lag behind during May.
The lowest ever ten year fixed rate mortgage deal at 2.39% is launched by the Coventry Building Society after EU referendum.