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Age gap among first-time buyers sets in, the Halifax says

A gap between the average age of first-time buyers in different parts of the UK has set in despite property price growth slowing, a lender has said.

House price growth slowed in August but buying a property was still 6.9% more expensive than a year ago, new figures show.

House prices in the UK fell by 1% in July compared with the previous month but were still 8.4% higher than a year ago, the Halifax says.

Annual house price growth eased to 8.4% in the month of June, the lowest rate in a year, according to the Halifax, the UK's largest mortgage lender.

Further evidence has emerged of a slow-down in UK house prices in April, as the Halifax says the annual rate of inflation has fallen to 9.2%.

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