July yields fastest rate of UK house price rises this year, says lender

Cheaper mortgage rates and rising wages helped to push monthly growth to 0.4%, according to Halifax

UK house prices rose at the fastest monthly rate this year in July as mortgage rates eased and banks offered bigger home loans, according to the lender Halifax.

The average property price grew by 0.4% in July to £298,237, Halifax found, ahead of an expected 0.3% rise.