House prices start the year with a slight drop according to Nationwide Price Index

According to The Nationwide House Price Index for January figures show the average property values fell from £205,898 in December to £205,240 in the first month of 2017.

Despite this, Nationwide’s release paints this as a 0.2% increase taking into account seasonal adjustments, and 4.3% up annually. The annual rate of growth has also slowed from 4.5% in December but is still up on the £196,829 recorded this time last year.

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UK mortgage deals jump by nearly a fifth as competition heats up

Returning confidence in the housing market, combined with stimulus schemes such as Help to Buy, have encouraged lenders to offer more deals

The number of mortgage deals on the market has jumped by nearly a fifth in a year to its highest level since the financial crisis. A year after the mortgage market review brought in new affordability checks, the total number of different home loans available in April was up 19% from 11,416 to 13,539, according to data from the Mortgage Advice Bureau. The figures suggest that consumer choice has not been restricted by the new rules and that competition has returned to the market.

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