House prices in biggest rise for more than a year

“Market interest rates, which underpin mortgage pricing, have moderated somewhat but they are still well above the lows prevailing in 2021,” he added. He said the reason for the rise in sales prices compared with the previous month was the lack of homes on the market.The building society bases its survey data on its own mortgage lending, so the survey does not include those who purchase homes with cash or buy-to-let deals.