1 Jun 2026
House prices decreased in May due to uncertainty within the market
According to Nationwide Building Society’s latest House Price Index, house prices dropped 0.6% month on month in May – the first monthly decline this year.
Annual house price growth slowed to 1.7% in May from 3% in April. The average property price in April 2026 was £278,880, compared to £278,024 in May 2026.
Unsurprisingly, there has been a slight decline in the market due to the conflict in the Middle East, which has significantly contributed to higher energy prices and market interest rates. Those looking to move or buy their first home may feel less confident due to the uncertainty within the market.
However, despite a rise in market interest rates over recent months, affordability has not been affected as much. Swap rates, which determine mortgage pricing, have stayed below the high rates in 2023, providing some confidence.
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Best UK Mortgage Rates this Week
7 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Flats 40% cheaper to buy than houses
12 days ago
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
Are mortgage rates set to increase?
21 days ago
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.
AI-altered images put off over half of buyers
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According to data from House Buyer Bureau, where over 900 UK homebuyers were surveyed, 54% of people said that they immediately ruled out digitally enhanced property listings.
April Mortgages offer 7x Income Mortgage
13 Aug 2026
April Mortgages - only accessed via a mortgage broker - offers first-time buyers, renters, and home-movers the option to borrow up to 7 times their income on its longer-term mortgages.
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