mortgages

Second charge mortgage new business volumes increases by 43%

10th December 2021 Arrears and Recoveries | #mortgages

New figures released by the Finance & Leasing Association (FLA) have indicated that’s second charge mortgage new business volumes grew by 43% in October 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),…

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Demand for consumer credit surges to £706m in October

30th November 2021 Banking and Loans | #credit cards#mortgages

Latest Bank of England data has shown that October saw a surge in credit card borrowing. Consumers borrowed a net additional £706 million last month, with new credit card borrowing accounting for £637 million of the credit, the largest amount of card borrowing since July last year. Between the start of the pandemic and April…

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Mortgage borrowing increased to £9.5bn in September

1st November 2021 Banking and Loans | #mortgages

Latest Bank of England data has shown that individuals borrowed £9.5 billion of mortgage debt on net in September, the highest since June 2021. This was a rise from £4.4bn in August, and the highest figure since June 2021, when net borrowing reached a record of £17.1bn. Consumers borrowed an additional £0.2 billion in consumer…

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