Second charge mortgage market reports volumes up by 12% in August

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Acting Director General and Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said: “The second charge mortgage market recorded its twelfth consecutive month of double-digit new business growth in August. In the first eight months of 2019, new business volumes were 21% higher than in the same period in 2018.”