The presence of a north-south divide in the growth of house prices is re-emerging, according to the latest figures from the Land Registry. The North East of England, the North West, and Wales experienced a rise in house prices of less than 1% for the year to the end of last month.  This is only a marginal move in house prices and in great contrast to other areas. Property prices increased more than 8% in the East of England and almost 8% in the South East during the same time span.

Jonathan Hopper, managing director of the buying agents Garrington Property Finders, commented on the latest UK housing market data, saying: "England's property market is returning to type. Prices in London and the South East continue to march relentlessly upward, while in the North West the dramatic month-on-month fall has all but eradicated the gains made over the past year.”

Hopper added: "Even as the number of transactions continues to fall, the north-south divide is reasserting itself with a vengeance."

An increase in house prices in England and Wales of 0.5% took place from July to August, according to the Land Registry.

The average UK home now sits at more than £184,000.

As property prices rise, many house owners are still conflicted with the issue of whether to sell their current home and move or remortgage. There are many attractive deals still on the table with lenders in a pause position waiting for confirmation of a data the base rate will rise. House owners deciding to remortgage are able to take advantage of multiple benefits a remortgage has to offer.