Latest data from the ONS indicates London house price growth is the highest for March for the first time this year.
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The average price for a London home has broken through the £600,000 and has almost doubled in price since 2009.
The upper age limits for homeowners to be accepted for a mortgage have been increased by the Nationwide to 85 to meet Britain’s aging population.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
The Equity Release Council reports biggest quarter for homeowners borrowing from their property with £393 million of mortgages.
By 2020 first time buyers in London will need a salary of £102,000 and a deposit of £138,000, says charity Shelter.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
The ONS have updated their index weighting reducing the average property price in London by £27,000 in February.
Latest analysis from Lloyds Bank shows affordability in UK cities is the worst since 2008 and now require 6.6 times annual earnings.