New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage market increased by 2% in June.

Commenting on the June 2018 new business figures for the second charge mortgage market, Geraldine Kilkelly, Head of Research and Chief Economist at the Finance & Leasing Association (FLA), said “The second charge mortgage market reported new business volumes up in the first half of 2018 by 2%, compared with the same period in 2017. This was in line with stable new business volumes reported by the wider mortgage market over the same period.”

Table 1: New second charge mortgage lending

Jun 2018

% change on prev. year

3 months to Jun2018

% change on prev. year

12 months to Jun2018

% change on prev. year

Value of new business (£m)

91

-6

262

-2

1,019

+6

Number of new agreements (No.)

1,985

-3

5,703

+2

22,142

+5