The mortgage lenders got their fingers burnt by dealing too freely in the housing boom of the late 80s.
Now they are much more particular about their clientele, but has the pendulum swung too far the other way? Presenter Lesley Curwen asks whether there is a new era of mortgage rationing which could further depress house prices in years to come.
Transcript: for a transcript of this programme, price £20.00, please write to BBC, [address removed] (telephone [number removed]).