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I remember it well. Barclays set our mortgage interest at 15.75%. Exactly …. the same cycles of over lending since.

Always been the way. I know ordinary folk and businessmen who snapped up residential or commercial property just after the (hopeless) Norman Lamont caused prices crash of the early 90’s. Now sitting on £1m’s, some multi £10m’s of wealth! Many without an Etonian accent, just working class lads...