Thursday, April 10, 2008

5 Worst Postcodes for high LTV

UK banks seek more BoE borrowing

All pretty standard doom and gloom until the last two paragraphs "Separately, Experian, the personal credit rating group, has identified five postal codes in the UK where the average home loan is 90 per cent or more of the median home price and which are most vulnerable to negative equity in a downturn."

Posted by mike @ 10:00 AM (654 views)
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3 thoughts on “5 Worst Postcodes for high LTV

  • More, more and more … PRINT MORE MONEEEY!

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  • waiting for the crash says:

    It will be a postcode lottery on if you can get a mortgage or not – depends on how much your neighbours have borrowed and when.

    New developments built within the last few years would be at highest risk and thus lendors least likely to lend on these properties? As older areas will have a mix mortgage levels.

    I remember new developments in the early 90’s being described as ‘negative equity allys’.

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  • Yes a lot of these buy to let flats will end up as nasty drug infested ghetos.

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