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London repossessions at 10-year high

Fitch Ratings has revealed that repossessions in London have increased to their highest levels in 10 years.

The nation’s capital is leading repossession growth, followed by southern and eastern regions.

Already-published research from the Department of Constitutional Affairs, the Council of Mortgage Lenders and Fitch was analysed and reveals that London was first to see repossession rates start to rise from the historically low levels experienced between 1995 and 2002.

London’s repossession rate is now roughly double those of regions in the North, though still far from the levels experienced during the last recession in the early 1990s.

Head of Fitch’s UK RMBS team Gregg Kohansky says: “Many districts in London are seeing repossessions rise much faster than in other regions. With London seeing revived house prices, further affordability stretches are likely to support continued elevated repossession levels in London.”


Standard Life Investments launches two global Reit funds

Standard Life Investments has launched two new global property funds aimed at institutional and retail investors in the UK and Europe.The global Reit fund, for UK investors, and the global Reit focus fund, primarily aimed at European markets, will invest largely in Reits or securities and companies principally engaged in real estate activities on a […]

Repackage deal

Clients will be willing to pay for experience and a different approach.

JO Hambro appoints chief operating officer

JO Hambro Capital Management has appointed former Aberdeen Asset Management managing director David Rhydderch as chief operating officer.Rhydderch will have specific responsibility for business planning, risk, operations and human resources and will join the company in March 2007. Prior to Aberdeen, Rhydderch spent four years at Deutsche Asset Management where he was head of business […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


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