Uncertainty with the EU Referendum has seen London house prices stall increasing by 0.2% for the month to June down from 1.5%, says ONS
The Bank of England has reduced interest rates from 0.5% to 0.25% but will your mortgage benefit from the decrease?
Rics June survey has shown a significant decline in the number of new buyers as uncertainty remains after the EU referendum.
Lending to home movers increased by £800 million or higher by 18.6% for the month as other buyer types lag behind during May.
The lowest ever ten year fixed rate mortgage deal at 2.39% is launched by the Coventry Building Society after EU referendum.
The rate house prices are rising has slowed ahead of the EU Referendum with greater uncertainty expected from the Brexit vote.
There has been a 20% fall in demand for new-build homes and interest in the London housing market due to the EU Referendum.
Uncertainty created with Brexit could see house prices fall by 5% and decreasing swap rates may produce better mortgage deals.
Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.
Strong growth in house prices for London up 14.5% for the year with higher prices for the South East of England and mixed UK results.
Proposals in the government's Digital Economy Bill intend to make switching a mortgage deal for homeowners possible within a week.
Homeowners borrowed £13.8 billion in March an increase of £5.1 billion and the highest monthly amount since August 2007.