One in six families have been offered a smaller mortgage from a lender due to their childcare costs adding to parents stress and anxiety.

The growth rate for homes has slowed to 5.8% a year the slowest rate since August 2013 according to the Halifax house price index.

Lending to first time buyers and home movers decreased in July and recovered in August despite fear of a crash after the Referendum.

Many London boroughs continue to see house price growth in double figures although the average rate is slowing.

The average price of £366,744 for properties closest to the UK’s top thirty schools is £53,426 more than the average for the country.

The latest report from Lloyds shows homeowners are now more optimistic that they will own their long-term home in two more moves.

Data from the Council of Mortgage Lending show first time buyers are driving the market with lending up 25% to £5.5 billion over a year.

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The housing crisis is no longer just a London problem as home ownership plummets to the lowest level across the country.

For first time buyers the top ten least affordable homes are all located in London with the highest deposits paid, says the Halifax.

Rics June survey has shown a significant decline in the number of new buyers as uncertainty remains after the EU referendum.

Lending to home movers increased by £800 million or higher by 18.6% for the month as other buyer types lag behind during May.