Second charge mortgage new business volumes grow by 195% in June

3rd August 2021

New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 195% in June 2021.

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “The second charge mortgage market continued its recovery in June as new business grew for a third consecutive month. In H1 2021, new business volumes increased by 21% compared with the same period in 2020, and we expect further growth during the second half of this year.”

New second charge mortgage lending

	Jun 2021	% change on prev. year	3 months to Jun 2021	% change on prev. year	12 months to Jun 2021	% change on prev. year
Value of new business (£m)	91	236	260	217	833	-24
Number of new agreements (No.)	1,960	195	5,853	208	19,903	-21

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Second charge mortgage new business volumes grow by 195% in June

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