UK house price growth slows to two-year low as mortgage rates climb

UK house prices rose just 0.5% annually in October, the slowest pace in over two years, according to Nationwide. The average property cost £273,566, flat on September. Average five-year fixed mortgage rates have touched 6% for the first time in three years, and markets expect the Bank of England to lift rates from 3.75% to 4% next week.