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The Guardian - UK

Business

Mark Sweney

EXPLAINED: Uk house prices flatline as mortgage rates rise says nationwide | Rare Historical Photos

Nationwide United Kingdom

Colourful houses in Camden Town district in London — Ten of the UK’s 13 regions recorded slower annual house price growth in the third quarter. Photograph: Tupungato/Getty Images/iStockphoto

UK house price growth flatlined in September with a stronger slowdown expected in the coming months as a combination of soaring inflation and mortgage rates makes moving unaffordable for many.

The latest snapshot from the building society Nationwide comes at the end of a torrid week for the housing industry as lenders pulled 40% of available mortgages from the market after Kwasi Kwarteng’s mini-budget last Friday.

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