Second charge mortgage new business volumes grew by 43% in October 2021

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said: “A sustained period of growth by the second charge mortgage market has seen it return to more normal monthly levels of new business. We expect new business volumes to continue to grow despite heightened economic uncertainty over the coming months.”