New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage market reports volumes up by 13% in December.
Commenting on the December 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “December saw the market report its sixth consecutive month of growth, contributing to solid single-digit new business growth in 2018 as a whole.”
“The second charge mortgage market is expected to see further single-digit new business growth in 2019 overall.”
Table 1: New second charge mortgage lending
|
Dec 2018 |
% change on prev. year |
3 months to Dec 2018 |
% change on prev. year |
12 months to Dec 2018 |
% change on prev. year |
|
| Value of new business (£m) |
80 |
+6 |
283 |
+16 |
1,069 |
+4 |
| Number of new agreements (No.) |
1,792 |
+13 |
6,389 |
+18 |
23,529 |
+7 |
