Second charge mortgage market reports volumes up by 22% in May

5 July 2019

Second charge mortgage market reports volumes up by 22% in May 

Commenting on the May 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:

β€œThe second charge mortgage market remained buoyant in May, as monthly new business reached more than £100 million for the second time this year.”  

 Table 1: New second charge mortgage lending

 

May 2019

% change on prev. year

3 months to May 2019

% change on prev. year

12 months to May 2019

% change on prev. year

Value of new business (£m)

108

+23

315

+22

1,152

+12

Number of new agreements (No.)

2,378

+22

6,968

+26

25,670

+16

 Note to editors:

  1. FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.
  2. In 2018, FLA members provided £136 billion of new finance to UK businesses and households. £103 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2018.
  3. For media enquiries, please contact the FLA press office on 020 7420 9656.

 

 

 

Become a member

What are the benefits of becoming an FLA Member?