New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage market saw an 11% increase in September

Commenting on the September 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 “In September, the second charge mortgage market reported its strongest rate of new business volumes growth since January.  New business volumes have grown by 4% so far in 2018, in line with expectations of single-digit growth in 2018 overall.”

Table 1: New second charge mortgage lending

Sep 2018

% change on prev. year

3 months to Sep 2018

% change on prev. year

12 months to Sep 2018

% change on prev. year

Value of new business (£m)

89

+11

279

+5

1,031

+3

Number of new agreements (No.)

1,958

+11

6,220

+7

22,555

+5

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