Business Secretary, Vince Cable, says he is appalled about the size of some loans being agreed by some lenders and has urged the Bank of England to use its powers to intervene.
Vince Cable renewed his stark warnings about the threat to the wider economy posed by soaring house prices in London and the south east amid reports Chancellor George Osborne will tackle the issue in his annual Mansion House speech later.
More top news
A police officer who spent six days crawling the London Marathon in a gorilla costume has finally completed the 26-mile route.
The victim of a "violent and sustained attack" on the top deck of a London bus has been named as Archie Sheppard.
Transport for London has made the badges and accompanying cards permanently available after a successful trial in autumn last year.