Sold sign
Media playback is unsupported on your device
Video

Nationwide: Rise in UK house prices 'modest'

UK house prices recorded a "modest" rise in May, increasing by 0.4%, according to the latest survey from the Nationwide building society.

It said the increase provided further support for "the view that the housing market is gradually gaining momentum".

The annual rate of price growth rose to 1.1%, the fastest pace since November 2011.

The BBC's Victoria Fritz has more details.

Go to next video: Osborne's 'dramatic' Help to Buy plan