UK house prices flatline as rising mortgage costs weigh on market

Average cost of home in September was £298,441, says Lloyds – about the same as year earlier and in August

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UK house prices flatlined in September, according to a leading index, as rising mortgage costs started to weigh on the market.

The average cost of a home was £298,441, roughly the same as it was a year earlier and in the previous month, according to the tracker from Lloyds previously known as the Halifax HPI.