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.

Figures from the CML estimate a 30% rise in mortgage lending over the year as homebuyers seek to complete before the April deadline.

The CML has said homebuyers are stretching their finances by selecting mortgage terms of greater than 25 years to afford their homes.

The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.

Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.

The HSBC have returned with a five-year fixed rate mortgage of 1.99 per cent with a high fee, but should you commit to such a long term?

Data from the Council of Mortgage Lending (CML) shows gross mortgage lending for 2015 is the highest for seven years as demand remains high.

From February the new London Help to Buy scheme will offer homebuyers loans up to 40% of the property value to purchase new-build homes.

Property prices are up 9.5% in the year and a further decline in the number of homes for sale will keep the an upward pressure on prices.

New research by the Resolution Foundation finds the average first time buyer takes 24 years to save enough deposit to buy their home.

Homebuyers in London are to benefit as the government improves Help to Buy and removes restrictions for Shared Ownership scheme.