New mortgage rules could add £19,000 to average house price and help first-time buyers with lower deposits

NEW mortgage rules could add £19,000 to average house prices and help first-time buyers get on the ladder with lower deposits.

Changes to stress testing practices could cause property prices to increase by between 5% and 7.5% over the next five years, says Savills.

GettyHouse prices could surge by up to 7.5% over the next five years, Savills said[/caption]

New research by the estate agent also predicts that the average deposit needed by a first-time buyer could fall from...