View more on these topics

Capital suffers most repossessions

London has been branded the repossession hotspot of the UK in a study by Spicerhaart Corporate Sales.

Its finding shows city centres are suffering from the highest numbers of repossessions, with the capital leading the way. London had the most repossessions in the first three months of 2010 – 166% more than the second highest city, Birmingham.

Other cities making up the top five by number of repossessions are Manchester, Liverpool and Belfast.

The top 10 included Nottingham, the Northern Ireland town of Craigavon, Peterborough, Coventry and Leeds. Bar London, no southern towns feature in the top 10 list.

Mark Pilling, managing director of Spicerhaart Corporate Sales, says: “Repossessions continue to rise in city centres where home owners have been hit hard by unemployment, increasing inflation and falling house prices.”

Recommended

ERIC DANIELS: ON COURSE FOR SUCCESS

Lloyds group back in the black as impairments fall

Lloyds Banking Group returned to profit in the first three months of the year, recovering from the £6.3bn loss it made in 2009. The group, which is 43% owned by taxpayers, says it has returned to profit thanks to a slowdown in its level of bad debts. Lloyds group says it has seen lower impairments […]

IAIN MALLON, DIRECTOR OF PROTECTION MARKETING, AXA

Recovery threatens to bring bigger bills

With the economic environment holding interest rates down, home owners have been making the most of low variable rates on their mortgages.But what happens if the green shoots reported by the government turn into a full-fledged recovery and interest rates begin to rise? Many people have made the most of the downturn and reviewed their […]

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

Newsletter

News and expert analysis straight to your inbox

Sign up