According to the Halifax UK house prices have risen 8.7% in the last year but month on month fallen by 1.1% suggesting a slowdown.
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Data from the Bank of England shows the number of people taking out mortgages in February has fallen for the first time in the last year.
About 95% of all mortgages are fixed rate with the threat of interest rates rising and homeowners want certainty in the future.
House prices were up 6.8% in January since a year earlier after a lost decade of building leaves the UK with a significant shortfall in homes.
Warnings from the Bank of England that interest rates would rise six fold by 2017 means higher mortgage costs for almost three million households.
Almost half a million households in the UK struggle with negative equity with the greatest number in the regions rather than London.
Mortgage lender Halifax reports a 2.4% rise in house prices for February with pressure on the government to cancel Help to Buy scheme.
According to the Nationwide average house prices have increased by 9.4% in the last year and are not slowing down.
A new government study of the English Housing Survey shows private renting has reached 4 million homes and now exceeds council renting.
The British Bankers’ Association (BBA) has said mortgage approvals are up 57% on the previous year and the highest since September 2007.