After two months of house price decline within the UK housing market, property value growth has come back down to earthly status. September posted an increase in property value of almost 6%. This is in stark contrast to price growth of houses posted in March which was 10%. The average house price in the UK now sits at just more than £214,000.

The September house price growth was the lowest and therefore the weakest in three years.

Although this segment of the housing market is currently struggling, the same is quite untrue about the remortgage market. House owners are taking advantage of major deals which are being laid out on the table featuring low interest rates and matching low administration fees.

Experts are continuing their support for anyone interested in a remortgage and urging them to act now. Interest rates have just been dropped and lenders are hungry for more clients before the year end.

House prices are only one of the market aspects which continue to slow after the historic Brexit vote which took place in June.

Martin Ellis with Halifax commented on the current status of the UK housing market, saying: "The housing market has followed a steady downward trend over the past six months, with clear evidence of both a softening in activity levels and easing in house price inflation."

Ellis added: "A lengthy period where house prices have risen more rapidly than earnings has put pressure on affordability, therefore constraining demand. Very low mortgage rates and a shortage of properties available for sale should, however, help support price levels over the coming months."