Halifax has reported that house prices in the three months to June were 8.4% higher than in the same three months of 2015.
Meanwhile, house prices in the last three months (April-June) were 1.2% higher than in the preceding three months.
In June, house prices were 1.3% higher than in May.
The average price of a home is now £216,823.
Martin Ellis, Halifax housing economist, said: “There is evidence that the underlying pace of house growth may be easing. House prices in the three months to June were 1.2% higher than in the previous quarter; down from 1.5% in May. The annual rate of growth fell from 9.2% in May to 8.4%; the lowest since July 2015.
“House prices continue to increase, albeit at a slower rate, but this precedes the EU referendum result, therefore it is far too early to determine any impact since.”
Jeremy Duncombe, director of Legal & General Mortgage Club, added: “As predicted, house prices have eased slightly in the weeks leading up to the EU referendum. However, we will only start to see the true shape of the new landscape when next month’s indices are released.
“Despite the many unknowns, the fundamentals of the market are still strong. Borrowers need to know that lenders still have the money to lend, and that mortgages are still available for potential buyers.
“The uncertainty we’re seeing in the mortgage market makes it even more important for borrowers to seek professional advice. An experienced broker will ensure they are receiving the best deal available for their specific needs, allowing them to realise their dream of homeownership, or their need to remortgage, regardless of the current uncertainties.”
