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London leads the way in home repossessions

A report from Fitch Ratings reveals London is leading the way when it comes to home repossessions growth.

Although still not at the level seen during the last recession in the early 1990s, repossessions are at their highest since 1996. Twice as many homes are repossessed in London as in the north of England.

Gregg Kohansky, head of Fitch’s UK Regional Repossession Study for England and Wales team, says: “With London seeing reviving house prices, further affordability stretches are likely to support continued high repossession levels in the capital.”

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