Price growth moderate

Price growth moderate

House price growth is showing "tentative signs of moderation", according to the UK's second biggest mortgage lender.

Nationwide said prices in March rose by 0.4%, compared with a 0.7% rise the previous month.

However, on an annual basis, house price inflation continued to rise, to 9.5%, up from 9.4% in February.

Meanwhile, the gap between house prices in London and the rest of the UK has reached a record.

Average values in the capital are now more than double those in the rest of the UK, at £362,699.