The Finance & Leasing Association has reported that second charge mortgage market volumes were up by 24% in April.

The value of new business during the month was £102m.

There were 2,206 new agreements arranged in April.

Fiona Hoyle, head of consumer and mortgage finance at the Finance & Leasing Association (FLA), said: “In April, the second charge mortgage market reported its eighth consecutive month of double-digit new business growth.

“This is a great performance for what is an increasingly popular product.”