Nationwide's most recent survey suggests that UK house price growth is slowing down, with prices in May only 4.6% higher than same time last year.  This is down from 5.2% in April.

It was also reported that prices in May actually increased 0.3% compared with April, with the average property price now £195,166.

Nationwide said cash purchases of houses also reached an all-time high of 38% in the first three months of the year, just above the 2014 average of 36%.