The cost of a mortgage as a proportion of household income has reached an historic low although there is no increase in house purchase activity.
The latest index from the Nationwide shows no change in house prices as demand remains subdued as a home purchase is less affordable.
The government has closed the Help to Buy mortgage guarantee scheme that has helped 86,341 first timer buyers on to the housing market.
House prices in the UK are up over the year and remain stable as the number of sales completed have dropped by up to a third.
One in six families have been offered a smaller mortgage from a lender due to their childcare costs adding to parents stress and anxiety.
The Bank of England has reduced interest rates from 0.5% to 0.25% but will your mortgage benefit from the decrease?