Wednesday, August 27, 2008

number of repossessions higher at NR

New fears over quality of Northern Rock mortgages

The number of repossessions and the value of problem mortgages in Northern Rock's £40bn securitisation vehicle Granite, which holds the bank's better loans, have jumped far more sharply than at rivals, according to research by credit rating agency Standard & Poor's. Of Granite's total of £40bn of mortgages, £508m of them are behind with repayments, S&P said.

Posted by mountain goat @ 10:37 PM (651 views)
Please complete the required fields.

One thought on “number of repossessions higher at NR

  • 8% in arrears already – they’re not going to catch up are they. Bet that figure is 50% within a year.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>