Second charge mortgage new business volumes grew by 42% in March 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: “New business volumes in the second charge mortgage market in March reached their highest level since September 2008.  The market helps consumers in a variety of ways, including funding home improvements and by better management of their finances through loan consolidation.

“As always, any customer worried about meeting payments should speak to their lender as soon as possible to find a solution.”