Credit, collections & insolvency news
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 reported its eighth consecutive month of new business volumes growth in November as the market continued its recover from the impacts of the pandemic. New business volumes in 2021 as a whole are expected to be 16% below the pre-pandemic peak.”
New second charge mortgage lending
|
Nov 2021 |
% change on prev. year |
3 months to Nov 2021 |
% change on prev. year |
12 months to Nov 2021 |
% change on prev. year |
|
| Value of new business (£m) |
114 |
48 |
326 |
59 |
1,076 |
36 |
| Number of new agreements (No.) |
2,584 |
36 |
7,565 |
47 |
25,303 |
36 |
