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Second charge mortgage new business volumes grow in 2017 PDF Print E-mail
Friday, 09 February 2018
Commenting on the 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:  “Second charge mortgage new business volumes have now returned to levels last seen in 2015, before regulation transferred to the FCA’s mortgage regime. The sector has shown resilience during a period of significant regulatory change, as it works to ensure that all the new regulatory requirements are in place.

“Consumers use second charge mortgages for a variety of purposes, particularly funding home improvements and property extensions.”
 

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