UK house prices have hit another record high with the average property price reaching £299,138, Halifax has said.The UK's largest mortgage lender, part of Lloyds Banking Group, said property values recovered in January after seeing a slight dip in December.

By Suban Abdulla LONDON (Reuters) -British house prices rose by more than expected last month as some buyers rushed to complete sales before an increase in property purchase taxes at the start of April,

Annual house price growth slowed in January but recovered from its December dip on a monthly basis, Halifax claims.