This represents the fifteenth consecutive month of double-digit new business volumes growth.
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.”
