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