It is crucially important that the banks don't throw petrol on the fire. Most of us who have been through various housing booms in the past have recognised that a kind of stable level is three or three-and-a-half times
I was appalled when I discovered that banks were lending five times.
They have already reined it back on advice from the Bank of England but this is the key area that the Bank of England has got to operate in to make sure that this boom in house prices, particularly in the south of England, doesn't destabilise the whole of the economy.
More top news
The driver of the Ford Focus was unaware the animal was trapped.
The Tories today launched a contest to find a candidate to challenge Sadiq Khan in the 2020 London mayoral election.
He was allowed to leave the country despite being told to appear in court over an impromptu demonstration near the Kremlin.