Finance & Leasing Association2 August 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 second charge mortgage market continued its recovery in June as new business grew for a third consecutive month. In H1 2021, new business volumes increased by 21% compared with the same period in 2020, and we expect further growth during the second half of this year.”
Table 1: New second charge mortgage lending
|
|
Jun 2021 |
% change on prev. year |
3 months to Jun 2021 |
% change on prev. year |
12 months to Jun 2021 |
% change on prev. year |
| Value of new business (£m) |
91 |
236 |
260 |
217 |
833 |
-24 |
| Number of new agreements (No.) |
1,960 |
195 |
5,853 |
208 |
19,903 |
-21 |
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.
