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Investec’s recently announced £200 million ($314.3 million) Kensington residential mortgage-backed securities will not contain any subprime loans, according to a bank spokesman.

Investec’s recently announced £200 million ($314.3 million) Kensington residential mortgage-backed securities will not contain any subprime loans, according to a bank spokesman.

Securitization professionals in London are split over the level of potential demand for Investec’s £250 million ($388 million) securitization of U.K. residential mortgages.

European securitisation’s long rehabilitation process is about to enter a new phase.

European Securitisation was on the long road to recovery in March, with higher than expected issuance volumes and slowly but steadily increasing diversification. The sovereign crisis has put a halt to that recovery, pushing out spreads and dissuading many potential investors and issuers.

The European ABS market has remained mostly quiet over the last four weeks. We have seen spreads slightly tighten, despite the end of the ECB’s rescue program and the ongoing sovereign debt crisis.

The European ABS market has remained mostly quiet over the last four weeks. We have seen spreads slightly tighten, despite the end of the ECB’s rescue program and the ongoing sovereign debt crisis.

Investec’s UK mortgage lending subsidiary Kensington Mortgage Co has confirmed that it aims to return to the RMBS market later this year. The planned securitisation, Kensington’s first public deal since March 2007 and the first under Investec’s ownership, will be backed by seasoned and newly originated prime and buy to let mortgages. The firm restarted new lending last November, offering products with a maximum loan to value ratio of 75% and without a non-conforming range. It hopes to come to market with a deal up to £250m.

U.K. mortgage lenders have begun offering loans to borrowers with minor credit issues or financial problems.

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The most liquid sectors of the European asset-backed securities market widened slightly over the past two weeks. It

The newly established Home and Savings Bank is said to have hired Peter Birch as its chairman. Birch previously was ceo at Abbey and chairman at Kensington Group.