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"who’d a thunk it"

For discussion about London including the surrounding Greater London area. Discuss all things from news, travel, culture, and general life around the capital and largest city of England!

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Vinnyboiler

London has 19 of UK’s top 20 ‘risky mortgage’ postcodes (www.standard.co.uk)

submitted 1 year ago by merridew to c/london

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"The only postcode outside of London in the top 20 was Maidenhead, still within the London commuter belt."

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[–] Hol 2 points 1 year ago* (last edited 1 year ago) (1 children)

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

[–] Anticorp@lemmy.ml 1 points 1 year ago

How much more is the mortgage supposed to be above earnings? 4.5x seems almost mandatory these days given the cost of real estate.