Data released from the ONS shows the cost of buying a home for first time buyers has increased by 11% over the year.

The number of first time buyers is 22% up and a seven year high, says the Halifax and helped by high loan to value mortgages.

The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.

New scheme launched by Prime Minister offers 100,000 new build homes to first time buyers with 20% discount but affordable homes suffer.

New powers would allow Bank of England to limit loan-to-value percentages on mortgages to prevent a housing bubble.

Demand for Help to Buy may be reaching a peak after data shows that house price growth is slowing and even decreasing.

The average price of property in London has increased by 19% and England and Wales increasing by over 9% in the last year.

Demand for new-build homes is driving a boom in house building with construction growing for the fifteenth consecutive month.

The European Commission is concerned with Britain's house price inflation calling on the Chancellor to “deploy appropriate measures”.

Data from the Treasury shows that 80% of borrowers of the controversial Help to Buy scheme are first time buyers mainly from outside London.

The UK largest lender, Lloyds Banking Group, will limit mortgage lending to four times on loans of £500,000 to homeowners.

The current rate of house price inflation is not a major concern for the Bank of England as a property recovery was expected.