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Eversheds comment: Turn London down, not the whole market

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    On findings from the Bank of England’s Credit Conditions Survey that show mortgage demand in the UK increased significantly in Q2 2014, Bruce Dear, head of London real estate at law firm Eversheds, comments:

    “London prices are boiling. UK house prices are simmering. So target London: require banks to hold more capital against Metropolitan mortgages, and cap Help to Buy at £300,000. Turn the London ring down; don’t throw a wet towel over the whole market.”

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