The UK property market is showing signs of changing, with more family homes becoming affordable to households on average incomes. However, rising mortgage rates and ongoing financial uncertainty continue to influence how buyers, sellers and landlords approach their next move.

The UK housing market has entered the final part of the year on a cautious but surprisingly resilient footing, with house prices remaining unchanged in September despite continued pressure from mortgage rates, household costs and wider economic uncertainty.

Summer is traditionally a quieter period for the UK property market, with school holidays, family commitments and overseas travel often causing buyers and sellers to put their plans on hold. This year, however, prolonged hot weather appears to have added to the seasonal slowdown.

The UK mortgage market is moving once again, with a number of major lenders increasing their mortgage rates as wholesale funding costs and swap rates rise. For anyone planning to buy, sell, remortgage or invest in property, this is an important development to keep an eye on.