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UK house prices slump by £1,150 month-on-month (Image: Getty)Average house prices in the UK fell by around £1,150 or 0.4% month-on-month in May, according to a leading index.Property prices now average £296,648, compared to £297,798 last month, Halifax has said. But, despite the monthly price drop, property values are still more than £7,000 higher than last year, Halifax said. May’s month-on-month price fall follows a 0.3% increase in April. Amanda Bryden, head of mortgages at Halifax, said: "These small monthly movements point to a housing market that has remained largely...

What is an 'overseas' mortgage?An overseas or international mortgage is a mortgage for a property that's not in the UK.You might consider taking out an overseas mortgage if you're buying a holiday home, retiring to sunnier climes or buying your first property overseas because you can't afford to buy in the UK.You can arrange an overseas mortgage through a UK bank or an international lender. It can also be possible to raise the funds to buy a home abroad outright by remortgaging your UK property.Here, we explain the pros and...