Second charge mortgage new business volumes up by 8% in April

By Bridging Loan Directory 8th June 2018

Second charge lending continues to grow in April, according to the latest figures released by the Finance & Leasing Association (FLA).

Commenting on the April 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:

“The second charge mortgage market reported new business growth of 2% by value and 8% by volume in April, compared with the same period in 2017. In the three months to April 2018, the number of new second charge mortgages was 5,339, unchanged on the same period in 2017.

“This versatile product continues to prove popular with customers.”