Think there's a housing affordability crisis in Britain, with low mortgage rates likely to drive house prices even higher?

Take a look at Sweden where lending policies have been more generous, and where house price inflation has been (at least recently) more extreme.

A number of banks and analysts have warned that Sweden's housing market is overheating, with HSBC in January saying: "The pace of acceleration in the housing market points to a bubble."

House prices across the country were up 18pc last year.

This compares to Britain's house price rises in 2015 of between 5pc and 10pc, depending on which index is used.

Now Sweden is dealing with its overheated housing market by reining in mortgage availability.

Regulators introduced restrictions which will mean mortgage terms - the time homebuyers have to clear the debt - will be drastically reduced to just... 105 years.

The move comes because historically there has been no time limit on mortgage duration.