buytoilet Posted April 22, 2008 Share Posted April 22, 2008 This is the email I recieved, if anyone lives in these areas can they comment on how bad the situation is. Good Afternoon We have changed our lending policy on flats and now have a maximum LTV of 70% on certain city centre locations. I have listed the details below, if you could please pass them onto your advisers, mortgage desks etc. LTV on City Centre flats - 70% maximum Manchester City Centre (M1 - M4 and M22 postcode area) Salford Quays (M5 postcode Area) Cardiff Bay (CF10 Postcode Area Thamesmead, London (SE15, SE2 and SE28 postcode areas) Canary Wharf (E5, E14 and SE16 postcode area) Liverpool City Centre (L1 - L3 postcode areas) Leeds Island (LS9 postcode area) Birmingham (B1, B2, B3, B4, B5, B6, B7, B18) Quote Link to comment Share on other sites More sharing options...
Country solicitor Posted April 22, 2008 Share Posted April 22, 2008 Canary Wharf-they must be anticipating lots of redundancies there. Quote Link to comment Share on other sites More sharing options...
M21er Posted April 22, 2008 Share Posted April 22, 2008 (edited) This is the email I recieved, if anyone lives in these areas can they comment on how bad the situation is.Good Afternoon We have changed our lending policy on flats and now have a maximum LTV of 70% on certain city centre locations. I have listed the details below, if you could please pass them onto your advisers, mortgage desks etc. LTV on City Centre flats - 70% maximum Manchester City Centre (M1 - M4 and M22 postcode area) Salford Quays (M5 postcode Area) Cardiff Bay (CF10 Postcode Area Thamesmead, London (SE15, SE2 and SE28 postcode areas) Canary Wharf (E5, E14 and SE16 postcode area) Liverpool City Centre (L1 - L3 postcode areas) Leeds Island (LS9 postcode area) Birmingham (B1, B2, B3, B4, B5, B6, B7, B18) Hi buytoilet, Interesting that Wythenshawe is included within Manchester's 'banned' postcodes: M22 Manchester Wythenshawe postcode including Peel Hall, Sharston, Moss Nook, Woodhouse park, Poundswick & Benchill. Presume they've been stung there as well as the City Centre? M21er Edited April 22, 2008 by M21er Quote Link to comment Share on other sites More sharing options...
buytoilet Posted April 22, 2008 Author Share Posted April 22, 2008 Hi buytoilet,Interesting that Wythenshawe is included within Manchester's 'banned' postcodes: M22 Manchester Wythenshawe postcode including Peel Hall, Sharston, Moss Nook, Woodhouse park, Poundswick & Benchill. Presume they've been stung there as well as the City Centre? M21er I dont think there is a lender in the country that will lend on Thamesmead, because of all the fraud but am interested in the other parts of the country. What is Wythenshawe like as a place? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 22, 2008 Share Posted April 22, 2008 I am told that there are large numbers of unsold flats in Cardiff Bay - I mean, luxury city centre living appartments! Quote Link to comment Share on other sites More sharing options...
Rachman Posted April 22, 2008 Share Posted April 22, 2008 What is Wythenshawe like as a place?Shameless is supposed to be Wythenshawe, but too dangerous to film on. Our troops train there before going to Basra. Europe's biggest council estate. It's clear why they want fat equity there - exLA homes will plummet in value and you will find the MEW crowd there in numbers too.... Quote Link to comment Share on other sites More sharing options...
chichi Posted April 22, 2008 Share Posted April 22, 2008 I dont think there is a lender in the country that will lend on Thamesmead, because of all the fraud but am interested in the other parts of the country.What is Wythenshawe like as a place? David Cameron had a run in with some hoodies there Willow Park Housing Trust has been granted funding to help build over 300 new homes for rent and shared ownership. Willow park took over the council housing. From what I know they knocked a lot down and built some lovely new stuff. Search on rightmove - wythenshawe - this area only by lowest price and you'll see the problem ... looks like lots of newbuild up for sale Quote Link to comment Share on other sites More sharing options...
Benedict Posted April 22, 2008 Share Posted April 22, 2008 Canary Wharf (E5, E14 and SE16 postcode area) I was about to express surprise about Rotherhithe being a particular issue but thinking through the new build developments there I'm not surprised, every new building seems to get smaller and smaller and smaller. Nice area aside from that though. Quote Link to comment Share on other sites More sharing options...
WSG Posted April 22, 2008 Share Posted April 22, 2008 I am told that there are large numbers of unsold flats in Cardiff Bay - I mean, luxury city centre living appartments! yep Cardiff Bay is doomed....but we both new that already mun Quote Link to comment Share on other sites More sharing options...
Mancghirl Posted April 22, 2008 Share Posted April 22, 2008 Aaah Benchill. Its lovely in the autumn. Its nice to have some leaves to lie on, whilst you're getting your head kicked in © Frank Skinner. I'm surprised they'll lend on Hulme/M15. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.