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

New stamp duty relief introduced by the government has saved first time buyers £2,300 on average when buying their first home.

Homeowners desperate to sell their property are marking down the price by an average £24,947 from the original asking price.

In the first quarter of 2018 housing wealth accessed using equity release has doubled in only two years with nearly £10 million a day.

Official statistics confirms the first fall in London’s annual house price growth of -1.0% since September 2009, the lowest in the country.

Over the past two years house price growth has exceeded earnings for a fifth of homeowners by as much as £52,000 in some areas.

London is the worst performing region down 1% for the year while house price grow across the country is subdued.

Annual house price growth in London is only one percent with property values falling in 42% of postcodes in the capital.

Half of the regions in the country have posted falls in house prices for the month with the North East reducing -5.5% over the month.

Second time buyers find it more difficult to move home than a decade ago with higher deposits, moving costs and lack of suitable housing.

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.