The affordability of monthly mortgage repayments is a growing barrier to buying a home.

The average UK house price was £281,000 in April - £3,000 higher than 12 months ago.

Since the H2B ISA was introduced in 2015, the average house price has increased by 38%, yet the limit has never increased.

While the UK housing market is now the same size as it was pre-pandemic, its make-up looks different.

The proportion of savers making an ‘unauthorised withdrawal’ has more than doubled in just three years.

Near-term expectations still point to the recovery getting back on track in the months ahead.

Weekly pension income has only increased by 1% p.a. in real terms over the last decade, while house prices have jumped by two-thirds.

The Conservatives have pledged to make the £425,000 stamp duty threshold permanent.

UK house prices showed little movement in May, dipping by -0.1% on a monthly basis.

However, just under 30% said they were looking to sell some of their properties over the next 12 months.