UK house prices fell for the first time in five months, according to one of Britain’s biggest mortgage lenders, suggesting the surge in borrowing costs triggered by the Iran war is placing a strain on prospective homebuyers.

UK house prices fell for the first time in five months, according to one of Britain’s biggest mortgage lenders, suggesting the surge in borrowing costs triggered by the Iran war…

House prices fell again in May as the mortgage rate hikes and surging energy bills caused by the Iran war continued to take their toll.