https://www.ccrmagazine.com/wp-content/uploads/2022/11/Web-template-62.jpg 555 880 Stephen Kiely http://www.ccrmagazine.com/wp-content/uploads/2018/01/New-web-web-version-300x36.jpg Stephen Kiely2022-11-10 11:12:212022-11-10 11:12:21Second charge mortgage new business volumes grew by 29% in September 2022
Second charge mortgage new business volumes grew by 29% in September 2022
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: “The second charge mortgage market returned another strong performance in September with further double-digit growth in new business by both value and volume. The distribution by purpose of loan in September showed 57% of new agreements were for the consolidation of existing loans, 15% for home improvements, and a further 22% for both loan consolidation and home improvements.
“As always, customers who are concerned about meeting payments should speak to their lender as soon as possible to find a solution.”