Second charge mortgage market reports new business volumes up by 24% in February

Commenting on the February 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said: “In February, the second charge mortgage market reported its strongest rate of new business volumes growth since May 2017.

“The popularity of second charge mortgages continues to grow as people opt to improve, rather than move.”