Second charge mortgage market fell by 2% in June

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