Markets in the North are expected to see the strongest acceleration in growth, by up to 29%.

Annual growth saw a slowdown from the 3.2% pace recorded the previous month.

The OBR says market expectations for interest rates remain volatile and predicts further increases in mortgage rates.

In the past 10 years the long-term trend has been a surge in commercial lending compared to residential.

The Society has also enhanced its criteria with larger maximum loan sizes and reduced rates.

Simon Jackson, managing director of SDL Surveying, explains why we could see new record highs for house prices in 2025.

Rising incomes and the lowest mortgage rates for two years are supporting the highest level of new sales agreed since autumn 2020.

Q3 saw an 8% quarterly rise in existing customers taking further advances to extend their loans.

Annual house price inflation was highest in the North West.

Patrick Bamford, head of international business development at Qualis Credit Risk, gives his view on what the government should prioritise to meet its housebuilding targets and support...