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UK Buy-to-let RMBS remained stable In October 2010

The performance of the UK buy-to-let residential mortgage-backed securities market continued its stable trend during October 2010, according to the latest indices published by Moody’s Investors Service.

In October 2010, the 90+ day delinquency performance trend dropped steadily to 2.1% from 2.8% in July 2010.

Outstanding repossessions declined to 0.14% from 0.17% in July 2010, while cumulative losses rose slightly to 0.33% from 0.29% in July 2010.

The Moody’s annualised total redemption rate trend decreased to 4.74% in October 2010 from 5.10% in September 2010, but remains lower than 5.13% recorded in October 2009.

Moody’s has not rated any new transactions in the UK BTL market since August 2010. Since 1999, the rating agency has rated a total of 30 UK BTL RMBS transactions.

As of October 2010, the total outstanding pool balance in the UK BTL RMBS market was £26.4bn, compared to £24.1 at the same time in the previous year.


Troubling times in Northern Ireland

The recent news about fewer public sector redundancies will be warmly welcomed in many parts of the UK but nowhere more so than in Northern Ireland. The region is bracing itself for the fallout from economic problems and with many business inter-dependencies between the two countries, the impact will compound a difficult situation, according to […]


Stop for a minute and look at your business

The retail industry recently revealed that December 18 is the day when allegedly men decide it’s the right time to buy their partner the Christmas gift they’ve always wanted. I was listening to a radio programme the other day, when chaps were ringing up with their last minute Christmas purchases for their loved one over […]



Hanley Economic’s Trevor Cotterell poses as Bananaman with a friend Can you put the boot in to your nearest and dearest to win this delectable bottle of bubbly? In addition, competition sponsor Tiuta will donate £100 to Great Ormond Street Hospital. Submit a witty caption for the photo above and you will be automatically entered […]


Two mortgage brokers jailed for £28m B2L fraud

Two mortgage brokers from a franchise of The Money Centre have been imprisoned after a £28m buy-to-let fraud. Both of them worked at The Money Machine in High Wycombe, a franchise of The Money Centre. John Stirzaker, 33, from Aylesbury was sentenced to three years’ imprisonment after being investigated by the Thames Valley Police’s Economic […]

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.


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