The latest house price index from the Nationwide Building Society has revealed a 0.1% rise for the month of September compared with August, when values fell by 0.8%

The latest house price gain means the annual rate of house price inflation fell to 3.1%, down from 3.9% in August, with the average UK home costing £166,757.

Meanwhile, the three-month-on-three-month rate of change, which is a more reliable indicator or near-term price trend, fell from 0.0% in August to -0.9% in September.