The latest new business figures for the second charge mortgage market from the Finance & Leasing Association (FLA) show another large monthly increase.
Second charge mortgage market volumes were up by 20% in September.
The value of new business for September was £105m, up 18% year-on-year.
Fiona Hoyle, interim director general of the FLA, said: “The second charge mortgage market reported another month of double-digit growth, with the latest annual new business volumes reaching more than 27,000, a decade-high.
“Second charge mortgages are proving to be a popular product with consumers. While the market has returned a strong performance so far in 2019, new business volumes remain well below pre-crisis levels.”
