Second charge mortgage new business rises by 293%

6th July 2021

New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 293% in May 2021.

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “The second charge mortgage market reported a second consecutive month of growth in May, and new business volumes increased by 12% in the first five months of 2021. The improvement in consumer confidence means the market expects to see the recovery in new business continue during the second half of 2021.”

New second charge mortgage lending

	May 2021	% change on prev. year	3 months to May 2021	% change on prev. year	12 months to May 2021	% change on prev. year
Value of new business (£m)	84	309	253	74	784	-33
Number of new agreements (No.)	1,910	293	5,848	82	18,044	-27

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.

Second charge mortgage new business rises by 293%

Related Posts

Login