1 / 5

Trends in Mortgage Repossessions in London

Trends in Mortgage Repossessions in London. The number of mortgage repossessions peaked in the year to March 2009 at 4,610 and has since fallen by around 70%, helped by very low interest rates.

heller
Download Presentation

Trends in Mortgage Repossessions in London

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Trends in Mortgage Repossessions in London • The number of mortgage repossessions peaked in the year to March 2009 at 4,610 and has since fallen by around 70%, helped by very low interest rates. • Interestingly landlord repossessions have climbed rapidly over the same period, from a low of 8,550 in 2009 up to 14,280 in 2013.

  2. Repossessions in London Source: Ministry of Justice Statistics

  3. By Borough……. Source: Ministry of Justice Statistics

  4. Mortgage Rescue Scheme -London • Mayor’s decision to close the scheme to new applications in London by the end of 2013. • 27 cases have completed so far in 2013/14. • Investment to be focused on much needed new supply of homes. • GLA to keep a watching brief on mortgage repossession trends.

  5. The Mayors Strategy for London Homes for London – The London Housing Strategy to: • Focus on increasing housing delivery of all tenures • increased focus on working Londoners “who work hard to make the city a success” The Mayor’s Housing Covenant – 2015-18 programme to: • invest £1.25bn • deliver up to 42,000 homes.

More Related