The competitive marketplace and low interest rates is helping remortgage buyers in London find the best deals to keep repayment costs down.

Thousands of mortgage prisoners caught paying high interest rates due to affordability rules could be given more help from lenders.

Mortgages in the UK are at their most affordable level with homeowners spending less than a third of their income on repayments.

Homeowners remortgaging has reached the highest number since 2008 as they securing mortgage deals before a rise in interest rates.

The number of remortgage buyers in the capital has reached an eight year high in 2017 driven by competitive mortgage rates.

The number of first time buyers has risen for the sixth consecutive year to 359,900 with deposits doubling in the past decade.

The low mortgage rates, high employment and a shortage of homes are helping to keep house prices at their current levels.

There is enough space above London railway lines to build apartment blocks adding 250,000 new homes for the capital.

The Halifax survey shows confidence in the housing market is at a five year low with one in five thinking prices will fall.

The cost of a fixed rate mortgage has increased for first time buyers and the Bank of England is expected to raise base rates next month.

Homeowners showed resilience with borrowings from home movers rising to £8.4 billion up 20% compared to August last year.

House prices in London are at £471,761 and negative for the first time in eights years with the weakest performance in the UK since 2005.