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Commercial Credit News
|Consumer finance up 11% in June|
|Thursday, 06 August 2015|
New figures released today by the Finance & Leasing Association (FLA) show an 11% rise in consumer finance new business in June, compared with the same month last year, and 7% growth in Q2 2015 overall.
Retail store and online credit grew by 5% in June compared with the same month in 2014. The value of second charge mortgage new business grew by 31% in June, while the number of new mortgages increased by 7% compared with June 2014. The average second charge mortgage advance in June was around £38,000.
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