Getting onto the property ladder isn’t easy, in fact it can sometimes feel like it’s been smeared with grease – it’s precarious, and for lots of us, owning our own home is more like a dream than a reality. Or is it? Because it looks like house prices are slowing down – so does this mean more affordability we hear you whisper?

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The average house price is £214,140**, which is still a lot of money, but UK property prices have actually decreased in value over the last few months by 0.5%. In some regions, such as Yorkshire and the Humber, that reduction in value has been nearly 4%.

But while current house prices might be depreciating, prices are still higher than they were this time last year. Prices in London and the south east are still far higher than the overall national average – £443,880 and £327,247 respectively whilst Northern Ireland and Scotland had the lowest prices.

Of course, whether the effect of depreciating house prices is a good thing or bad thing, depends on what side of the fence you’re sitting. If you’re trying to sell up and move on, it can be frustrating – on the one hand, the new property you’ve got your eye on might be more affordable but the flipside is that the one you’re selling might be worth less than you hope it is.

But if you’re already on the property ladder and your existing agreement is coming to an end then now could be the perfect time to think about what your mortgage options are and take advantage of the current low interest rates.

With interest rates reducing, mortgages are becoming more affordable and are now only 17.7% of the average household’s outgoings compared with 23.7% eight years ago. And if you do decide to remortgage then you’ll be joining other savvy home owners who have done just that – the value of remortgages came to a staggering £5.9 billion by the end of summer 2016. Plus, it’s not just current home owners that have something to look forward to – lower house prices means first time buyers stand a better chance of getting onto that slippery first rung.

There’s no question, that whatever the price, buying a house is a big deal. It’s the biggest purchase you’ll ever make and if that isn’t nerve wracking enough, then surely committing yourself to a long-term mortgage agreement is? Which is why it’s important to get it right and we’re here to help you climb that precarious property ladder – whether you need tips for saving for a mortgage and maximising your chances of approval to building your empire and getting a buy to let mortgage Whatever your mortgage or home insurance needs – make sure you get it right and

 **Average house price information as at 12 October 2016 sourced at