featuredNewsSecond Charge

Second charge mortgage new business up 14%

Second charge new business volumes rose by 14% in November 2019 according to the Finance & Leasing Association (FLA).

Fiona Hoyle, head of consumer and mortgage finance at the FLA, said: “The second charge mortgage market reported a fifteenth consecutive month of double-digit new business volumes growth in November.

“The average value of second charge mortgages in November grew by 3% compared with the same month in 2018 to £44,530.”

Show Comments

Enter your e-mail address to receive updates straight to your inbox