House prices in the UK are continuing to rise above many people’s expectations. The average house price in the UK is now over £137,000. The recent rise in interest rates should help to cool the housing market, however there is increasing evidence many homeowners are less influenced by interest rates than previously thought. Although they hurt first time buyers alot. Many homeowners have relatively low mortgage interest payments, they are also sitting on big capital gains encouraging them to help their children to get a big mortgage, perhaps with the help of a large deposit.