UK house prices flatline as rising mortgage costs weigh on market

Economists had predicted a 0.1% monthly rise in prices in September. Photograph: Greg Balfour Evans/Alamy

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.