Property values in London are up by over 12% leading the UK which has seen mortgage lending 4% higher in March and 37% higher for the quarter.
The regulators are introducing tougher tests for home buyers based on affordability to prevent mistakes leading to the financial crisis.
Figures from the Office of National Statistics (ONS) show the price of homes for first time buyers have increased by 10.5% in the last year.
The Office for National Statistics (ONS) have reported UK house prices are up 9.1% in the last year to February 2014.
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.
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.
Mortgage lender Halifax reports a 2.4% rise in house prices for February with pressure on the government to cancel Help to Buy scheme.
Rightmove, stated that record numbers of houses are being put on the market for sale with near-frenzied buying sending asking prices to record levels.
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