House price growth slowed to single digits in September, according to Halifax.

The lender’s monthly house price index shows house prices grew by 9.9% in September, down 11.4% year-on-year and a return to single digits for the first time since January.

House prices fell 0.1% month-on-month and have now fallen twice in the last three months.

Halifax said prices have been flat for several months, before the spike in mortgage rates and interest rates following last month’s mini-budget.