UK RMBS vulnerable to Grenfell cladding fallout

Tom Brown

March 08, 2021 05:45 PM

Grenfell_Alamy_575x375_08March21 — JMCX04 The charred remains of Grenfell Tower, Notting Hill, London, Britain. The 24 storey residential Tower block was engulfed in flames in the early hours | Alamy Stock Photo

UK RMBS could see marginal losses from the government’s Grenfell inquiry pushing the cost of removing flammable cladding on up to 1.5m flat owners across the country, after DBRS Morningstar research revealed on Monday that repossessions could eat into securitized mortgage portfolios.

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Topics

Coronavirus The Sustainable Economy RMBS Securitization UK Europe EMEA SRI

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Tom Brown