Seventy years ago last month, allied leaders including Winston Churchill, President Eisenhower and Charles de Gaulle met on a train in the Hampshire village of Droxford to discuss the imminent D-day invasion. But now it has emerged that Droxford has another claim to fame: it has been officially named as one of a cluster of villages whose residents have the highest amounts of outstanding personal loan per person of anywhere in the country – an average of £1,880 per borrower.
The figures were issued by industry body the British Bankers Association (BBA), which has released its latest data on borrowing to individuals and businesses, classified by more than 9,000 postcode sectors across Britain.
As part of this, the BBA has used data provided by leading banks and building societies, plus information from the 2011 census, to create a top 10 of postcode areas with the highest levels of personal loans on a per-capita basis.
The organisation issued its last top 10 three months ago. This was topped by a suburb to the north of Bath. Now, the BBA has produced updated figures and this time it is the SO32 3 postcode sector that tops the table. This includes several villages in the Meon valley area of Hampshire, not far from Southampton, including Droxford, Exton, Corhampton and Soberton. The total amount outstanding on personal loans in this area is just over £5.1m, with the average figure per person put at £1,880.
Close behind was PE7 0, which takes in the Peterborough neighbourhood of Hempsted. The total amount outstanding on personal loans was £327,003, while the average figure per person was £1,869.
In third place was the NE13 9 postcode sector in Newcastle, which takes in a number of roads to the west of the A1, a relatively short distance away from City of Newcastle Golf Club.
These latter two areas featured in the top 10 issued in April.
The next seven postcode sectors in the latest list are, in order: EC1V 2 (a stretch of City Road between Old Street roundabout and Angel tube station in central London); PR7 7 (Preston); LS17 0 (Leeds); MK42 6 (Milton Keynes); TD12 4 (Galashiels); WC1X 8 (the Grays Inn Road area of central London); and M3 3 (Greater Manchester).
However, these figures do not include every personal loan provider: they are based on data from Barclays, Lloyds Banking Group, HSBC, the Royal Bank of Scotland group, Santander, the Clydesdale and Yorkshire banks and Nationwide. These institutions account for about 60% of the personal loan market.