Second charge mortgage volume up 15%

Jessica Nangle

August 22, 2019

Second charge mortgage business grew by 15% in June according to new figures released by the Finance and Leasing Association (FLA).

Fiona Hoyle, head of consumer and mortgage finance at the FLA, said: “The second charge mortgage market reported new business volumes of more than 13,300 agreements in the first six months of 2019, the strongest first half-year performance in more than a decade.

“Consumers are finding second charge mortgages to be a useful product that supports the current trend of improving rather than moving.”

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