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Islington revealed as personal debt hotspot

Islington is one of the UK's personal debt hotspots, new figures have revealed. Credit: PA Wire

Islington has one of the highest levels of personal loan debt per head in Britain, according to new figures.

The postcode sector of EC1V 2 in London, which covers Islington in north London, has the second highest level of personal debt per head at £2,188 putting it just behind Bath in the list.

The figures, released jointly by the British Bankers' Association (BBA) and the Council of Mortgage Lenders (CML), also revealed that one quarter of Britain's £897 billion mortgage debt is owed by people in London.

Renters in the capital face a financial crisis

A new survey has shown that 2 in 5 private renters in London have to cut back on food and heat in order to pay their rent. According to campaign Generation Rent 42% said they had to limit their heating while 41% cut back on food.

London has 2 million private renters. 1.5 million people, almost 75% said that they rent because they cannot afford afford to buy their own property. Despite high costs conditions remain poor for many renters. 31% are living in properties with unacceptable dampness.

Landlords are often unsupportive of their tenants with 40% of renters saying their landlord does not care about their living standards.



Your views: Former slums are now millionaires row


#capitalcrisis The slums of the 50's & 60's in the East End are now millionaires row! Who can afford to live there now? Only the rich!


I'd love to live on the river in Putney. Can't afford it. I live in a cheaper area. You can't always get what you want. #capitalcrisis

Your views: Time to bring empty houses into use


@itvnews Time to bring empty houses into use that have been sat on by Companies and rich individuals.#CapitalCrisis


@itvlondon #capitalcrisis Social housing is the way, via the 5yr rule they get chance to save up and then take these ‘affordable’ houses..


It'd be nice to hear talk of garden cities for the north too but job creation is more important. Less London-centric policy. #capitalcrisis

Your views: Help To Buy got me on property ladder


Thnx to #helptobuy I have a property in Greenwich, without it that would've never happened. Instead of wasting money on rent #capitalcrisis


#capitalcrisis we have on average 2.700 empty homes in each borough .peopleb4profit Councillors will take back 2 use 4 local homes need

Your views: 32-year-old son still renting to get on ladder


@itvlondon my son is 32 has a good job & is renting as it is hard to get on the property ladder #capitalcrisis #target #affordablehousing


#capitalcrisis Affordable housing?! Affordable by who? Not by anyone on minimum wage! They have no chance of saving for a deposit!

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