Second charge mortgage lending growth hits ten year high

By Bridging Loan Directory 13th May 2019

Second charge lending was up 25% by value and 31% by volume in March compared to the same month in 2018, according to figures from the Finance & Leasing Association

Commenting on the March 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:

“In March, the second charge mortgage market reported its highest level of monthly new business volumes since October 2008.

“It is a competitive and innovative market for consumers, with a growing number of broker partners.”