House prices have hit a new high, according to Halifax, surpassing the previous peak set in June 2022 during the pandemic property boom.

'The interest rate landscape has become more adverse than a fortnight ago, which will increase downwards pressure on house prices in the short-term.

House prices in Yorkshire and Humber are up 5.3 per cent on average year-on-year.

Meanwhile house prices in the Midlands have performed strongly.