FLA: second charge new business volumes stable

Published on

The Finance & Leasing Association (FLA) has reported that the value of second charge mortgage new business in March 20201 totalled £88 million.

This was 5% lower than the figure for March 2020.

Q1 2021 saw second charge new business total £211m, 30% down year-on-year.

Fiona Hoyle, director of consumer & mortgage finance and inclusion at the FLA, said: “In March, the second charge mortgage market reported its highest monthly new business volumes since the same month in 2020.

“FLA members are increasingly optimistic about the outlook and we expect to see a strong rebound in demand over the next year.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...

International demand for UK property investment ‘more diverse than expected’

The UK property market is attracting investment from a much broader range of international...

Other news

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...