Finance & Leasing Association9 September 2021
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said:
“The strong recovery reported by the second charge mortgage market in recent months continued in July as new business reached its highest level since February 2020. We expect to see further growth this year as the market returns to pre-pandemic levels of new business.”
Table 1: New second charge mortgage lending
|
|
Jul 2021 |
% change on prev. year |
3 months to Jul 2021 |
% change on prev. year |
12 months to Jul 2021 |
% change on prev. year |
| Value of new business (£m) |
101 |
153 |
279 |
217 |
894 |
-11 |
| Number of new agreements (No.) |
2,433 |
149 |
6,396 |
198 |
21,359 |
-8 |
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 2020, FLA members provided £113 billion of new finance to UK businesses and households. £86 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2020.
- For media enquiries, please contact the FLA press office on 020 7420 9656.
