Mortgage Firms have shot back at Bank of England Governor Mervyn King over his statement that house prices could fall. Some mortgage brokers have been critical by saying the Mr King's comments could spark a panic into a property crash.
Our view
Smell the coffee! The public are not fools, many people accept that there is a real risk of a property price correction. Mervyn King has not said anything that anybody else in the country is not expecting. Perhaps, people making a "song and dance"