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100% of London 'unaffordable' for first-time buyers

London property deemed unaffordable for first-time buyers Credit: REUTERS/Toby Melville

All local authority districts in London have been deemed "unaffordable" for first-time buyers, according to Halifax.

It has found 100% of London, the South East, the South West and the East of England are out of reach for people taking their first step on the property ladder.

In contrast, Halifax found 75% of districts in Wales were affordable, as well as 70% in the North West and 52% in the East Midlands.

Yorkshire and the Humber was found to be the region with the biggest percentage of local authority districts which were affordable to first-time buyers, at 76%.

Londoners worried about paying January's rent

One in 13 Londoners fear they won't be able to pay their rent ormortgage at the end of this month, according to a survey by the housing charityShelter.

It found 22% of people in the capital won't open their post ifthey think it's a bill, while 16% admit to putting it straight in the bin.

Shelter is warning that the 'ostrich effect' created as a result of feeling overwhelmed by money worries could put homes in London at risk this year if overdue rent or mortgage bills are put off until it's too late.

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Top 10 peaceful places in London

The following roads were found to enjoy the least disruption from aeroplanes and traffic in the capital.

  • Barnsbury Square (N1) - Islington
  • Burton Mews (SW1) - Kensington and Chelsea
  • Fossil Road (SE13) - Lewisham
  • Gilstead Road (SW6) - Hammersmith and Fulham
  • Greenaway Gardens (NW3) - Camden
  • Hamilton Gardens (NW8) - Westminster
  • Johnson Close (E8) - Hackney
  • Peckham Grove (SE1) - Southwark
  • Sabine Road (SW11) - Wandsworth
  • St Margaret's Crescent (SW15) - Putney

The survey was carried out by 24 Acoustics, a noise control consultancy and was commissioned by the London Bed Company at Selfridges.

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