Second charge mortgage market reports volumes up by 15% in June

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said: “The second charge mortgage market reported new business volumes of more than 13,300 agreements in the first six months of 2019, the strongest first half-year performance in more than a decade.

“Consumers are finding second charge mortgages to be a useful product that supports the current trend of improving rather than moving.”