Second charge mortgage new business volumes up by 15% in October

Commenting on the October 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: “The second charge mortgage market has reported strong new business growth in 2019, with volumes likely to reach over 28,000 in the year as a whole. The market is expected to continue to grow in 2020 but at a slower pace than in 2019.”