Britain's house prices still hovering around record high prices as a number of lending schemes propelled the UK property market into new heights.

While the average UK house price in dipped in October to £271,000, house prices are still set to receive a jolt from a number of new voting-friendly home buying policies.

In a bid to boost support ahead of the general election in May 2015, UK Chancellor George Osborne revealed that in the Autumn Statement that Britain would scrap the old stamp duty slab system which would help "98% of homebuyers".

Meanwhile, the government is offering tens of thousands of young Britons the chance to snap up one of the 100,000 new homes to be built on under-used or unviable brownfield land with a minimum 20% discount.

So what will this mean for house prices in 2015? IBTimes UK news editor Lianna Brinded investigates.