When scrutinized the property market in the UK, the average price of a home has hit a new record high last month. According to Halifax's latest monthly house price index, the average home in September 2021 was worth £267,587. This represents a month-on-month increase of 1.7% over the nearly £263,000 in August, which is a record in and of itself. The most recent monthly growth rate, Halifax even announced that price appreciation is the highest since February 2007. Furthermore, in September, UK house price inflation reversed a three-month downward trend and was 7.4% on a year-on-year basis.At this moment in time one of the best reasons to buy property is the extremely low interest rates and as a consequence mortgage rates. It is now possible to lock in some very attractive rates with some experts suggesting that UK base rates could fall before they eventually rise.