merridew to LondonEnglish · 1 year agoLondon has 19 of UK’s top 20 ‘risky mortgage’ postcodeswww.standard.co.ukexternal-linkmessage-square2fedilinkarrow-up120arrow-down10file-text
arrow-up120arrow-down1external-linkLondon has 19 of UK’s top 20 ‘risky mortgage’ postcodeswww.standard.co.ukmerridew to LondonEnglish · 1 year agomessage-square2fedilinkfile-text
“The only postcode outside of London in the top 20 was Maidenhead, still within the London commuter belt.”
minus-squareHollinkfedilinkEnglisharrow-up2·edit-21 year agoTotal value of mortgages worth 4.5x the borrower’s earnings by postcode (£m): Wandsworth (SW18) 232 Battersea (SW11) 198 Wimbledon (SW19) 185 Fulham (SW6) 170 Tooting (SW17) 164 Walthamstow (E17) 151 Chelsea (SW3) 142 Hapstead (NW3) 122 Islington (N1) 118 Kilburn (NW6) 116 Balham (SW12) 116 Streatham (SW16) 115 Maidenhead (SL6) 112 Putney (SW15) 110 Chiswick (W4) 107 St John’s Wood (NW8) 107 Croydon (CR0) 102 Belgravia (SW1X) 94 Notting Hill (NW11) 91
minus-squareSokathHisEyesOpen@lemmy.mllinkfedilinkEnglisharrow-up1·1 year agoHow much more is the mortgage supposed to be above earnings? 4.5x seems almost mandatory these days given the cost of real estate.
Total value of mortgages worth 4.5x the borrower’s earnings by postcode (£m):
Wandsworth (SW18) 232
Battersea (SW11) 198
Wimbledon (SW19) 185
Fulham (SW6) 170
Tooting (SW17) 164
Walthamstow (E17) 151
Chelsea (SW3) 142
Hapstead (NW3) 122
Islington (N1) 118
Kilburn (NW6) 116
Balham (SW12) 116
Streatham (SW16) 115
Maidenhead (SL6) 112
Putney (SW15) 110
Chiswick (W4) 107
St John’s Wood (NW8) 107
Croydon (CR0) 102
Belgravia (SW1X) 94
Notting Hill (NW11) 91
How much more is the mortgage supposed to be above earnings? 4.5x seems almost mandatory these days given the cost of real estate.