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Second-charge mortgage repossessions down 40% in Q2 2016 PDF Print E-mail
Thursday, 11 August 2016
New figures released today by the Finance & Leasing Association (FLA) show that the number of second-charge mortgage repossessions in Q2 2016 was 40, down 40.3% on the same quarter in 2015.  

Commenting on the figures, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said: “Second-charge mortgage providers continued to support customers in financial difficulty in the second quarter of 2016, while meeting the demands arising from the implementation of new systems following the market’s move to the FCA’s mortgage regime in late March.”

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