Second charge mortgage new business volumes remain stable

New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes remained stable in March 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:

“In March, the second charge mortgage market reported its highest monthly new business volumes since the same month in 2020.  FLA members are increasingly optimistic about the outlook and we expect to see a strong rebound in demand over the next year.”

New second charge mortgage lending

	Mar 2021	% change on prev. year	3 months to Mar 2021	% change on prev. year	12 months to Mar 2021	% change on prev. year
Value of new business (£m)	88	-5	211	-30	635	-50
Number of new agreements (No.)	2,048	0	4,959	-25	15,415	-45