51�Թ�

Both lenders do not include buyers who purchase homes with cash, or buy-to-let deals, in their estimates.

Nationwide's house price data is based on its own mortgage lending, which does not include buyers who purchase homes with cash, or buy-to-let deals.

Falling mortgage rates in the second half of this year had led to a "modest recovery" in the buy-to-let sector this year following a tough 2023, according to UK Finance.

Mortgage lenders' trade body UK Finance said the outlook was "challenging" for the buy-to-let sector in 2025 owing to extra taxes facing landlords.

It has predicted a 7% drop in mortgage lending for buy-to-let purchases in 2025 compared with this year.