Finance & Leasing Association10 May 2019
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.”
Table 1: New second charge mortgage lending
|
|
Mar 2019 |
% change on prev. year |
3 months to Mar 2019 |
% change on prev. year |
12 months to Mar 2019 |
% change on prev. year |
| Value of new business (£m) |
108 |
+25 |
292 |
+19 |
1,116 |
+9 |
| Number of new agreements (No.) |
2,392 |
+31 |
6,500 |
+25 |
24,812 |
+13 |
Note to editors:
- 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.
- In 2018, FLA members provided £137 billion of new finance to UK businesses and households. £104 billion of this was in the form of consumer credit, representing more than a third of total new consumer credit written in the UK in 2018.
- For media enquiries, please contact the FLA press office on 020 7420 9656.
