Credit, Collections & Insolvency News
New figures released today by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 67% in September 202
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 sixth consecutive month of growth in September, with new business returning to levels seen pre-pandemic. We expect new business volumes to continue to grow during the remainder of 2021 as demand remains solid.”
New second charge mortgage lending
|
Sep 2021 |
% change on prev. year |
3 months to Sep 2021 |
% change on prev. year |
12 months to Sep 2021 |
% change on prev. year |
|
| Value of new business (£m) |
102 |
78 |
298 |
112 |
1,000 |
12 |
| Number of new agreements (No.) |
2,438 |
67 |
7,185 |
101 |
23,866 |
16 |