New figures released today by the Finance & Leasing Association (FLA) show second charge mortgages increased by 21% in November.

Commenting on the November 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: “The market has reported a relatively strong performance in recent months following a steady first half of 2018.  The second charge mortgage market is likely to report solid single-digit new business volumes growth in 2018 overall.”

Table 1: New second charge mortgage lending

Nov 2018

% change on prev. year

3 months to Nov 2018

% change on prev. year

12 months to Nov 2018

% change on prev. year

Value of new business (£m)

99

+21

292

+17

1,064

+4

Number of new agreements (No.)

2,282

+21

6,559

+17

23,325

+6

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