Latest data from the ONS indicates London house price growth is the highest for March for the first time this year.
The average price for a London home has broken through the £600,000 and has almost doubled in price since 2009.
The upper age limits for homeowners to be accepted for a mortgage have been increased by the Nationwide to 85 to meet Britain’s aging population.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
New data from the ONS shows the south East and London with double digit rise in house prices compared to the north widening the gap.
Figures from the CML estimate a 30% rise in mortgage lending over the year as homebuyers seek to complete before the April deadline.
Proposed changes to international banking rules for assessing credit risk would be detrimental to residential and buy-to-let mortgages.