London Has 25 Percent of Britain’s Mortgage Loans

More than a quarter of Britain’s £891bn mortgage debt is secured on properties in London, according to figures which break down lending to postcode level for the first time.

The figures, which go down as far as postcode sector level, which is designated by the first digit of the second half of the code, show that a total of £227bn worth of home loans are outstanding in the capital.

The postcode with the most mortgage debt is SW11 6, in Wandsworth, south London, where households owed a collective £649m at the end of June, while in second place comes E14 9, which covers parts of Tower Hamlets, including Canary Wharf and the Isle of Dogs.

via London accounts for more than 25% of all mortgage loans | Money |

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza